Summary by Moomoo AI
COSCO Shipping Holdings Co., Ltd. announced on August 29, 2024 that its subsidiary, COSCO Shipping Container Transport Co., Ltd., through its subsidiary COSCO (Cayman) Mercury Co., Ltd., has signed a contract with Yangzhou COSCO Shipping Heavy Industry Co., Ltd. to build twelve 14,000 TEU dual-fuel methanol-powered container vessels. The total value of the contract is approximately 2.154 billion US dollars (equivalent to approximately 15.3399 billion RMB). These vessels are expected to be delivered between May 2027 and March 2029. In addition, COSCO Shipping Holdings has announced an extension of financial assistance to Euromax Terminal Rotterdam B.V., the largest container shipping company in Europe, involving a shareholder loan of 84 million euros (approximately 0.669 billion RMB). The loan term has been extended to June 18, 2029, with an interest...Show More