Following the recent announcement ordering 10 drybulk vessels, Cosco Group has announced that it has disposed of eight old vessels for demolition with a total capacity of 331,300dwt.
The eight vessels include four containerships and four bulkers, sold t for RMB124m in total.
Cosco said the update of fleet has decreased the average age of its fleet which will increase the competitiveness of its operation.
Cosco Scraps Eight Vessels
2014-07-16
3698人
Source：SinoShip News
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