COSCO unit to add more vessels

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, a senior executive said on Thursday.

This is driven by Chinese manufacturers' demand for transportation of wind power products, port machinery, railway transit equipment, new energy vehicles and energy storage devices, as well as demand for import of dry bulk goods by domestic companies.

The Guangzhou, Guangdong province-headquartered company said it will adopt new packing materials and digital solutions, as well as new services to better serve its customers in the years ahead.