New Cosco subsidiary gives Chinese free-trade port a boost

Cosco Shipping is showing its support for the Hainan free-trade port by setting up a subsidiary on China’s southernmost island. Incorporated with capital of CNY300m ($44.4m), Hainan Cosco Shipping Container Shipping, will focus on vessel leasing, ownership, and operation. Cosco, which has already invested in Hainan’s Yangpu Port, has pledged to expand leasing as part of its wider strategic plans. Read full article →