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Cosco to expand car carrier operation.
(From Lloyds List)
Byline: Larger fleet on track as 17 Chinese car manufacturers sign up, writes Keith Wallis in Hong Kong
CHINA Ocean Shipping (Group), the nation's largest shipping company, has signed 15-year contracts with 17 Chinese vehicle manufacturers in what marks a significant expansion of Cosco's vehicle ro-ro operations.
Cosco confirmed that the strategic agreements would accelerate the growth of its car carrier fleet which is mainly operated by Cosco subsidiary Guangzhou Ocean Shipping based in southern China.
The company owns six 1980s-built, Chinese-flagged ro-ro vessels that vary in size between the 1982-built, 2,796 dwt …
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