COSCO Expands Supply Network in Asia Pacific

10 June 2010 (Last Updated June 10th, 2010 18:30)

COSCO International subsidiary Yuantong Marine Service has acquired Singapore-based Xing Yuan to expand its marine equipment and spare parts supply in the region. After the S$850,000 ($602,841) acquisition, COSCO will hold 100% of the issued share capital in Xing Yuan, according to turkis

COSCO International subsidiary Yuantong Marine Service has acquired Singapore-based Xing Yuan to expand its marine equipment and spare parts supply in the region.

After the S$850,000 ($602,841) acquisition, COSCO will hold 100% of the issued share capital in Xing Yuan, according to turkishmaritime.com.

COSCO said Yuantong and Xing Yuan will operate out of Japan under the company name Shin Chung Lin.