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
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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

Dave Bozeman is to take over as chief executive officer of major US logistics firm C.H. Robinson. | Photo: C.h. Robinson / Pr

C.H. Robinson appoints new CEO

For subscribers