China Cosco Reaches Agreements on 18 Ships After Disputes
This article is for subscribers only.
China Cosco Holdings Co., the state-controlled sea-cargo group that had ships seized in payment disputes, said it reached agreements with shipowners covering 18 vessels.
“The disputes have been appropriately handled,” General Manager Zhang Liang told reporters in Hong Kong today. He declined to comment on the terms of the accords or on whether talks were under way about any other contracts.