COSCO Shipping Specialized Carriers Co, a unit of State-owned China COSCO Shipping Corp, will add 52 vessels, including car carriers, multipurpose and heavy-lift vessels, into its fleet by the end of this year.
As one of the world's largest specialized shipping operators by fleet size, the company currently owns more than 170 vessels, including multipurpose and heavy-lift vessels, pulp vessels, semi-submersible ships, car and asphalt carriers. Its fleet is equipped to handle the transport of oversized and overweight cargoes, including oil rigs, engineering and port machinery, locomotives, wind power equipment, bridge cranes and port machinery.
As the world grapples with rising unilateralism and protectionism, COSCO Shipping Specialized Carriers and its partners came to an agreement during its global partner conference held in Guangzhou in late March. They will jointly build a high-quality development ecosystem for industrial chains - fostering symbiosis to mitigate risks, advancing together to drive upgrades and deepening cooperation to accelerate growth.
This industrial chain-based development approach will contribute to the high-quality advancement of the Belt and Road Initiative.
