Cosco Plans Investments in US, German and Indian Port Facilities

 

China’s largest shipping firm Cosco is keen to invest in ports along its key container vessel routes.

The company collects docking fees from ships and charges them for unloading and storing cargo.

Upon striving to secure revenue, Cosco is planning to invest in a port on the east coast of the US or in the Gulf of Mexico, in addition to the port of Hamburg or a port in India.

Cosco chairman Wei Jiafu stressed the importance of eastern US ports, since such facilities have to install deep-sea piers for large container ships that will travel between the Pacific Ocean and the Atlantic Ocean following the expansion of the Panama Canal set to be completed in 2014.

World Maritime News Staff, December 15, 2011

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >