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Cosco looking for acquisitions in South Korea and Abu Dhabi

Asia's largest container carrier, China Cosco Shipping Corporation, could be interested in buying up Hanjin's terminals, and the company has just recently signed a deal for a large-scale in investment in Abu Dhabi, report several media.

Photo: PR-foto/Hamburg Hafen Marketing Association

Major carrier China Cosco Shipping Corporation (CCSC) has just signed a deal to invest USD 738 million in a new port in Abu Dhabi.

The group's Cosco Shipping Ports has reached agreement for a concession deal with Khalifa Port Container Terminal 2 in Abu Dhabi set to run for the next 35 years. The deal comes with a five-year extension option, reports skriver Bloomberg.

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