China’s Cosco to Splash $5bn to be Biggest Shipper – Nikkei

China state-owned shipping firm Cosco will splash $4.9 billion and add further vessels to its fleet in a second attempt to become the world’s largest shipping company, Nikkei Asia reported.

Cosco will add 23 container ships between 2023 and 2025, according to the report, which would boost the group’s carrying capacity by roughly 20%, if it does not scrap any existing ships.

Read the full report: Nikkei Asia

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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