ShippingWatch

Cosco receives giant state loan for newbuildings

Cosco has received loans for USD 1.75 billion to finance 53 newbuildings in several segments aimed at replacing around 100 ships that have been scrapped.

Photo: PR-foto

China's state-owned carrier Cosco has secured loans for a total USD 1.75 billion from China EximBank to finance 53 newbuildings, according to several local Chinese media, reports Seatrade Global.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all