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June 10, 2010

COSCO Expands Supply Network in Asia Pacific

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

By cms admin

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.

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