Cosco Shipping Specialized Carriers is planning to spin off much of its multipurpose (MPP) fleet, as it puts greater emphasis on its new generation of specialised ultramax wood pulp carriers.
It is also planning a spin-off of its handysize logger fleet, a source informed on the plans told TradeWinds.
The Guangzhou-based company, which is part of China Cosco Shipping, has a large diversified fleet including car carriers, asphalt tankers, semi-submersible heavylift ships, log-carrying handysize bulkers and MPP vessels in a full range of sizes.
