SHA:601866

3 stories mentioning SHA:601866Updated 26d ago

Every FINWIRES story that references SHA:601866, newest first.

COSCO Shipping Development to Acquire 15 Bulk Carriers

COSCO Shipping Development (SHA:601866, HKG:2866) plans to acquire 15 bulk carriers with a capacity of 210,000 deadweight tons each, according to a Hong Kong bourse filing.The company will acquire 10 vessels from Shanghai Waigaoqiao Shipbuilding and China Shipbuilding Trading for about 5.28 billion yuan, and five vessels from Nantong Xiangyu Shipbuilding & Offshore Engineering and Xiamen XMXYG Shipbuilding Trading for about 2.64 billion yuan.Upon delivery, the vessels will be leased to Wai Fung Shipping under 20-year lease agreements.

HKG:2866SHA:601866

Asia55d ago

Cosco Shipping to Award Contracts for 24 Vessels

COSCO SHIPPING Development (SHA:601866, HKG:2866) said it agreed to award contracts for 24 vessels to Dalian Heavy Industry and China State Shipbuilding Group, according to a Hong Kong bourse filing Tuesday.The firm plans to contract Dalian Heavy Industry to build 15 multipurpose grain vessels with a capacity of 87,000 deadweight tonnage for around 4.79 billion yuan.It further plans to contract China State Shipbuilding Group to build 9 vessels, including five multipurpose grain ships and 2 each of bulk carriers and dry cargo ships, for 3.87 billion yuan.The contracts are subject to shareholder approval.

HKG:2866SHA:601866

Asia92d ago

COSCO Shipping Development Unit Yet to Receive US Legal Papers in Container Price-Fixing Probe

COSCO Shipping Development's (SHA:601866) subsidiary, Shanghai Universal Logistics Equipment, has yet to receive any legal documents from U.S. authorities, according to a weekend filing with the Shanghai bourse.Shanghai Universal Logistics Equipment is among several container makers named in a U.S. Department of Justice probe alleging a conspiracy to restrict production and manipulate prices of non-refrigerated shipping containers..

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