COSCO Shipping Development's Unit to Buy Ten Vessels for 5.28 Billion Yuan; Shares Up 1%

MT Newswires Live

Jul 30

COSCO Shipping Development's (HKG:2866, SHA:601866) unit, COSCO Shipping Development (Hainan), agreed to purchase ten 210,000-deadweight-tonnage bulk cargo vessels for a total of 5.28 billion yuan, according to a Hong Kong bourse published late Tuesday.

COSCO Shipping Development's Shanghai shares rose less than 1% during Wednesday's afternoon trade.

COSCO Shipping Hainan will purchase six of the vessels from COSCO SHIPPING Heavy Industry (Zhoushan) for about 3.17 billion yuan, while the other four will be bought from CSSC Qingdao Beihai Shipbuilding for 2.11 billion yuan.

Moreover, COSCO Shipping Development (Hainan) will lease to COSCO Shipping Bulk Group the ten vessels for 240 months, the Chinese container manufacturer said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2555905670"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2555905670\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2555905670?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-30 14:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2555905670","market":"nz","top_or_hot":-1,"title":"COSCO Shipping Development's Unit to Buy Ten Vessels for 5.28 Billion Yuan; Shares Up 1%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/CSCMY\">COSCO Shipping</a> Development's (HKG:2866, SHA:601866) unit, COSCO Shipping Development (Hainan), agreed to purchase ten 210,000-deadweight-tonnage bulk cargo vessels for a total of 5.28 billion yuan, according to a <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> bourse published late Tuesday.</p><p>COSCO Shipping Development's Shanghai shares rose less than 1% during Wednesday's afternoon trade.</p><p>COSCO Shipping Hainan will purchase six of the vessels from COSCO SHIPPING Heavy Industry (Zhoushan) for about 3.17 billion yuan, while the other four will be bought from CSSC Qingdao Beihai Shipbuilding for 2.11 billion yuan.</p><p>Moreover, COSCO Shipping Development (Hainan) will lease to COSCO Shipping Bulk Group the ten vessels for 240 months, the Chinese container manufacturer said.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>COSCO Shipping Development's Unit to Buy Ten Vessels for 5.28 Billion Yuan; Shares Up 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCOSCO Shipping Development's Unit to Buy Ten Vessels for 5.28 Billion Yuan; Shares Up 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-30 14:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/CSCMY\">COSCO Shipping</a> Development's (HKG:2866, SHA:601866) unit, COSCO Shipping Development (Hainan), agreed to purchase ten 210,000-deadweight-tonnage bulk cargo vessels for a total of 5.28 billion yuan, according to a <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> bourse published late Tuesday.</p><p>COSCO Shipping Development's Shanghai shares rose less than 1% during Wednesday's afternoon trade.</p><p>COSCO Shipping Hainan will purchase six of the vessels from COSCO SHIPPING Heavy Industry (Zhoushan) for about 3.17 billion yuan, while the other four will be bought from CSSC Qingdao Beihai Shipbuilding for 2.11 billion yuan.</p><p>Moreover, COSCO Shipping Development (Hainan) will lease to COSCO Shipping Bulk Group the ten vessels for 240 months, the Chinese container manufacturer said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0028","symbol_name":"国家队","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555905670","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555905670","pubTimestamp":1753856461,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"COSCO Shipping Development's  unit, COSCO Shipping Development , agreed to purchase ten 210,000-deadweight-tonnage bulk cargo vessels for a total of 5.28 billion yuan, according to a Hong Kong bourse published late Tuesday.COSCO Shipping Development's Shanghai shares rose less than 1% during Wednesday's afternoon trade.COSCO Shipping Hainan will purchase six of the vessels from COSCO SHIPPING Heavy Industry  for about 3.17 billion yuan, while the other four will be bought from CSSC Qingdao Beihai Shipbuilding for 2.11 billion yuan.Moreover, COSCO Shipping Development  will lease to COSCO Shipping Bulk Group the ten vessels for 240 months, the Chinese container manufacturer said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601866":"中远海发","BK0028":"国家队","BK0006":"大央企重组","BK0020":"浦东新区","BK0183":"MSCI概念","BK0270":"水上运输","BK0011":"上海自贸区","BK0102":"重组","BK1535":"港口运输股","BK0188":"融资融券","BK0012":"证金概念","BK1124":"贸易公司与经销商","02866":"中远海发","BK0010":"央企"},"translate_title":"中远海运发展旗下单位将以52.8亿元购买十艘船舶；股价上涨1%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601866":0.9,"02866":0.9},"content_text":"COSCO Shipping Development's (HKG:2866, SHA:601866) unit, COSCO Shipping Development (Hainan), agreed to purchase ten 210,000-deadweight-tonnage bulk cargo vessels for a total of 5.28 billion yuan, according to a Hong Kong bourse published late Tuesday.COSCO Shipping Development's Shanghai shares rose less than 1% during Wednesday's afternoon trade.COSCO Shipping Hainan will purchase six of the vessels from COSCO SHIPPING Heavy Industry (Zhoushan) for about 3.17 billion yuan, while the other four will be bought from CSSC Qingdao Beihai Shipbuilding for 2.11 billion yuan.Moreover, COSCO Shipping Development (Hainan) will lease to COSCO Shipping Bulk Group the ten vessels for 240 months, the Chinese container manufacturer said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}