COSCO SHIPPING Holdings Co (HK:1919) has released an update.
COSCO SHIPPING Holdings Co. has announced that it will upgrade the power system of four container vessels from single-conventional-fuel to dual-fuel power, extending the delivery schedule and increasing the total consideration for the ships from $620 million to $734 million. The move is part of the company’s commitment to green, low-carbon, and sustainable development, ensuring long-term compliance with global emission reduction policies. These supplemental agreements with its wholly-owned subsidiary are aimed at maintaining a high environmental protection rating and reducing future compliance risks and operating costs.
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