COSCOCS: China’s new shipping giant, hoping to sail through the downturn

It’s pretty safe to say that the jury remains out on their choice of abbreviation – we can’t help thinking that Cosco CS might have been a little less open to alternative interpretation/pronunciation… but anyway, the merger between China’s two state-owned shipping lines Cosco and China Shipping has been formally unveiled at a ceremony in Shanghai. And what true behemoth it is – a fleet of 830 container, tanker and dry bulk vessels, with a book value vesselsvalue.com puts at double ...