Cosco Sells 5 Boxships for Scrap
Source:Splash
2016.09.09
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Cosco Holdings has announced the sale of five containerships for demolition as part of its fleet optimization plan.
The total sales price for the vessels is RMB90m (US$13.5m) and Cosco said that the sale has caused a net loss of RMB341m (US$51m).
The five vessels Na Xi He, Bu Yi He, Yu Gu He, Ha Ni He and Jing Po He have a total capacity of 224,560dwt and used to serve in Cosco subsidiary Shanghai Pan Asia Shipping.