COSCO Shipping Co., Ltd. to Set up Two JVs

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COSCO Shipping Co., Ltd. to Set up Two JVs

Date:2011/12/29

COSCO Shipping Co., Ltd. announced that it plans to set up two joint ventures in Rotterdam, the Netherlands and Houston, the United States and with NMA Maritime＆ Offshore Contractors B.V., with the Company to hold a 70% stake in the two joint ventures respectively. The two joint ventures will be engaged in attracting shipping business.

Source:reuters.com

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