COSCO Group will spend $4.9 billion to expand its fleet in a renewed quest to become the biggest marine transporter on the planet, says an article published on Nikkei Asia.
Carrying capacityThe group will allocate the funds from 2023 through the end of 2025 to bring in 32 container ships, expanding its carrying capacity by roughly 580,000 TEUs (twenty-foot equivalent units).
Boost capacity
COSCO had 512 vessels in its fleet at the end of June, amounting to 2.92 million TEUs.
If it does not scrap...
https://mfame.guru/cosco-shakes-up-the-shipping-industry-with-a-5bn-bet/