Cosco Shipping International Strikes Off Two More Subsidiaries

Cosco Shipping International (Singapore) has applied to the Accounting and Corporate Regulatory Authority of Singapore (ACRA) to remove its two subsidiaries Cos Orchid Shipping and Cos Prosperity Shipping from the register.

The above striking off has been pursued after Cos Orchid Shipping and Cos Prosperity Shipping had transferred the vessels owned by them.

The two companies owned the 2004-built Cos Orchid and 2006-built Cos Prosperity bulk carriers.

“The striking off of Cos Orchid Shipping and Cos Prosperity Shipping are not expected to have any material impact on the net tangible assets and earnings per share of the company for the
financial year ending 31 December 2017,” the company said.

The two companies join their predecessors Cos Fair Shipping, Cos Glory Shipping and Cos Lucky Shipping, also owners of bulk carriers, that have been shut down earlier this year.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >