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COSCO to Create a Shipping Fund with China Cinda

chinese-yuan-320x195.jpgThe move is being pursued in line with the company’s investment in the financing sector of the shipping industry.

Initially, the fund will dispose of a total of USD 154 million and Cosco plans to take a 49.95 pct in the fund or an investment worth approximately USD 77 million (RMB 500 million).

As disclosed, the shipping fund will be used for financing of ship assets including non-performing assets and restructuring programs.

The shipping industry has been faced with restricted availability of financing opportunities over the recent period as banks started to curb their exposure to bad shipping loans amid industry downturn.

3.jpgOUCO Marine/Offshore Knuckle boom crane

OUCO Marine/Offshore knuckle boom cranes are designed to lift high loads with extended jib and provide the operator with great flexibility during lifting operations. OUCO Marine/ Offshore knuckle boom cranes range is available from 0.5t to 150t. The knuckle boom cranes are with easy maintenance and efficiency by taking small space. The improved level of control makes the crane ideal for offshore lifting operations in higher sea states to deal with big waves. Another advantages for OUCO Marine/Offshore knuckle boom cranes are:

Hydraulic type makes the crane maintain easily;

Flexibility by extending booms;

Smaller ones takes very limited space on the vessel/ship/shipyard;

Bigger ones can do heavy duty loads in several working conditions.