Independent journal on economy and transport policy
11:56 GMT+2
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At COSCO Shipping Bulk 60% of the capital of COSCO Shipping (Singapore)
The Singapore-based company has a fleet consisting of three Supramax bulk carriers
December 29, 2021
The share capital of COSCO Shipping (Singapore) is now 40% owned by COSCO Shipping International (Singapore) Co. and 60% (52.6 million shares) from COSCO (H.K.) Shipping Co.
COSCO Shipping (Singapore) has a fleet of three bulk carriers Supramax of the median age of 16 years. The Singapore-based company explained that the reduced size of the COSCO Shipping fleet (Singapore) has so far limited its ability to compete effectively in the market and the transaction now allows the company to find the resources and capabilities necessary to develop and expand further.
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