Latest Cosco Stories

Stable Profit Performance in a Challenging Market HONG KONG, March 21, 2013 /PRNewswire/ -- Financial Summary 2012 2011 Change For the year ended/ as at 31st Dec ------------------------- Revenue (HK$ mn) 10,006 10,656 -6% Profit attributable to equity holders (HK$ mn) 363 390 -7% Basic earnings per share (HK cents) 23.98 25.80 -7% Dividend...

BEIJING, March 11, 2013 /PRNewswire/ -- China COSCO Holdings Company Limited ("China COSCO" or the "Group") (HKEx:1919, SSE:601919) put forth a preliminary proposal in an announcement to sell a 100% interest in its directly-owned subsidiary COSCO Logistics Co., Ltd. ("COSCO Logistics") to its controlling shareholder China Ocean Shipping (Group) Company ("COSCO Group"). The board of directors has approved commencing with related processes. Details of the proposed transaction are still...

SHENZHEN, China, Dec. 17, 2012 /PRNewswire/ -- DLJ Real Estate Capital Partners, LLC ("DLJ RECP") announced the successful launch of Sino Ocean Express, a residential development project located in the Longgang District of Shenzhen, China. The development is a joint venture between DLJ RECP and Sino-Ocean Land (SEHK: 03377). All 370 condominiums released to the market were sold within the first few hours of the sales event on December 15th. The Project consists of 4.4 million...

HUNTSVILLE, Ala., Dec. 5, 2012 /PRNewswire/ -- COSCO Shipyard Group Co., Ltd. (COSCO), a preferred partner for the world's leading shipping companies and offshore oil service providers, has extended its five-year master agreement with Intergraph(®). The agreement strengthens the strategic partnership between COSCO and Intergraph and extends Intergraph's position within China's offshore market. (Logo: http://photos.prnewswire.com/prnh/20081211/DECLOGO ) COSCO has previously...

NEWARK, N.J., Aug. 30, 2012 /PRNewswire-Asia/ -- The Journal of Commerce confirmed today that two of the most senior executives in the container shipping industry globally will participate as keynote speakers at the 6th Annual TPM Asia conference. Ma Ze Hua, President of the COSCO Group and Ng Yat Chung, president and CEO of the NOL Group, parent of container line APL, will deliver keynote speeches at the UBM Global Trade organized conference, set for October 17-18 in Shenzhen, China,...

HONG KONG, Aug. 22, 2012 /PRNewswire-Asia/ -- Financial Summary For the six months ended 30th June 2012 2011 Change (HK$ mn) (HK$ mn) (%) --- ------- ------- --- Revenue 4,479 5,702 -21% Profit attributable to equity holders 232 234 -1% Basic earnings per share (HK cents)...

NEWARK, N.J., Aug. 14, 2012 /PRNewswire/ -- The Journal of Commerce confirmed today that two of the most senior executives in the container shipping industry globally will participate as keynote speakers at the 6th Annual TPM Asia conference. Ma Ze Hua, President of the COSCO Group and Ng Yat Chung, president and CEO of the NOL Group, parent of container line APL, will deliver keynote speeches at the conference, set for October 17-18 in Shenzhen, China, home to one of the world's...

LONDON, March 26, 2012 /PRNewswire/ -- - Lomar, the shipping subsidiary of the Libra Group, signs new order with GWS China for latest generation container vessels Lomar has signed an order with the Guangzhou Wenchong Shipyard in South China, for up to six new container ships. Scheduled for delivery starting from early 2014, the 2190 nominal TEU capacity vessels (14mt/TEU homogenous load of 1570 TEU) have been designed by leading Chinese design institute SDARI (Shanghai...

HONG KONG, March 22, 2012 /PRNewswire-Asia/ -- Financial Summary For the year ended 31st December 2011 2010 Change (HK$ mn) (HK$ mn) (%) --- ------- ------- --- Revenue 10,656 8,667 +23% Gross profit 892 715 +25% Profit before income tax...

The 2007 Cosco Busan disaster, which spilled 54,000 gallons of oil into the San Francisco Bay, had an unexpectedly lethal impact on embryonic fish, devastating a commercially and ecologically important species for nearly two years, reports a new study by the University of California, Davis, and the National Oceanic and Atmospheric Administration. The study, to be published the week of Dec. 26 in the early edition of the journal Proceedings of the National Academy of Sciences, suggests that...