The Cosco group’s main shipowning vehicle, China Cosco Holdings, stayed almost entirely out of the yards through 2013 while it struggled to avoid delisting from the Shanghai Stock Exchange — something it avoided by selling assets to its parent company and by letting its fleet age.
But beginning last December, after a succession of announcements (and leak-based TradeWinds exclusives), China’s biggest shipowner returned sector by sector, with fresh orders of products tankers and VLCCs, containerships of 9,400 teu and 14,500 teu and bulkers from handysize to capesize — maybe even Valemax ore carriers soon.
Counting
