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COSCO intends to acquire 200,000 second - hand containers for $ 200 million

Publis date:2017-07-13

    July 12, COSCO has agreed to $ 244 million acquisition of 154,000 second-hand containers. The company said that the purchase of the container in line with the company's strategic development, can increase the proportion of own boxes to protect business needs.
    COSCO's shipping finance company, after its close on Tuesday, said its wholly-owned subsidiary, Florentine Container, invested Ginger onion CLC II CO to acquire these containers. COSCO issued, the transaction funds from internal resources and external debt financing.
    CGY will also actively expand second-hand container rental and purchase business, welcome customers to negotiate.
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