Cosco strikes off two dormant subsidiaries
The two companies had transferred their vessels.
Cosco Shipping International (COSCO) struck off two subsidiaries considered dormant from its register.
According to an announcement, Cos Orchid Shipping Pte Ltd (Cos Orchid Shipping) and Cos Prosperity Shipping Pte Ltd (Cos Prosperity Shipping) have transferred the vessels they owned.
The removal of the two companies is not expected to affect company performance for the year.