{"id":80785,"date":"2024-09-03T00:00:00","date_gmt":"2024-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/03\/cosco-shipping-commissions-42-new-bulk-carriers-for-usd-2-bn\/"},"modified":"2024-09-03T00:00:00","modified_gmt":"2024-09-03T00:00:00","slug":"cosco-shipping-commissions-42-new-bulk-carriers-for-usd-2-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/03\/cosco-shipping-commissions-42-new-bulk-carriers-for-usd-2-bn\/","title":{"rendered":"Cosco Shipping commissions 42 new bulk carriers for USD 2 bn"},"content":{"rendered":"

Cosco Shipping reveals its largest shipbuilding agreements yet:<\/strong> Shanghai-based shipping giant Cosco Shipping has inked two USD 2 bn agreements<\/a> for 42 new bulk carriers across its affiliated Cosco Shipping Heavy Industry and CSSC Chengxi Shipyard, China-based Xinde Marine<\/a> reported. Cosco Heavy yards will construct 20 vessels and Chengxi will build 22. The vessels \u2014 slated for delivery in 2026-2027 \u2014 will be leased to outfits operating under Cosco Shipping Bulk.<\/p>\n

Cosco\u2019s<\/strong> been making regional moves: <\/strong>Cosco Shipping Line is set to <\/span>invest USD 375 mn<\/a> to increase its container capacity at various Egyptian ports this year. <\/span>Cosco and Hong-Kong<\/a> port operator Hutchison Ports were among the companies that <\/span>signed agreements worth USD 1.6 bn<\/a> in March 2023 to develop new container terminals at Ain Sokhna and Damietta Ports. Cosco subsidiary Cosco Shipping Port (CSP) partnered with <\/span>Abu Dhabi Ports in 2018<\/a> to launch CSP Abu Dhabi Terminal at Khalifa Port, which has a design capacity of 2.5 mn TEUs and initial handling capacity of 1.5 mn TEUs. The shipping firm also launched its first <\/span>Moroccan<\/a> branch in Casablanca earlier this year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Stories on our radar this morning from around the world<\/p>\n","protected":false},"author":1,"featured_media":80786,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,37,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-ports","tag-trade","wpautop","entry"],"acf":{"mongo_id":"ab22ab77-f6a4-4cea-be5c-f93767971b29","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2450.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cosco Shipping commissions 42 new bulk carriers for USD 2 bn","related_issue":[80770],"teaser":"Stories on our radar this morning from around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.cadbf2e0-ccc6-4bae-b1a2-052af3cba6d2.mp3"},"yoast_head":"\nCosco Shipping commissions 42 new bulk carriers for USD 2 bn - 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