X-Nico

2 unusual facts about COSCO


Evangelos Marinakis

With a total deadweight capacity of over 4 million tonnes, the vessels enter into long-term charters with strong counterparties around the world, such as BP Shipping, COSCO (China), Hyundai Merchant Marine (S.Korea), Maersk Line, Royal Dutch Shell, ExxonMobil, Chevron, Total (France), Repsol, Statoil (Norway), Pemex (Mexico), Petrobras (Brazil), Cepsa (Spain).

Valemax

In May 2012, the largest Chinese operator of dry bulk carriers, state-owned China Ocean Shipping (Group) Company (COSCO), claimed that Vale has refused to use the company's ships since March as a protest against banning the Valemax vessels from Chinese ports.


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