Cosco Shipping raises funds for 20 container ships (corrected)
Chinese container carrier Cosco Shipping will raise CNY 12.9 billion in new capital, according to a press release from the carrier, which has already made big acquisitions this year. The money will fund the construction of 20 new vessels. (corrected)
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(Clarification on October 31 at 12:33 CET: The funds raised in fresh capial will be spent on vessel that are already ordered, some or all of which are under construction)
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