China COSCO pays $4.6 bln for resources fleet

News Type: Event — Seeded on Wed Sep 5, 2007 7:30 AM EDT

Article Source: Reuters

business, transport, logistics, maersk, cosco, vlcc, bulk-shipping, crude-carrier

I long wondered when COSCO would rise up to Maersk, and the day has now arrived. China's relentless resources demand has made its bulk carrier operations globally critical and now the organization will be able to rival the Danish giant, though it will still lag behind in the more sophisticated field of container shippng. However, it can only be a matter of time before the Chinese begin to make inevitable inroads into this sector. My little MISE babies, I wish you well...

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China COSCO pays $4.6 bln for resources fleet

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