Cosco sets up subsidiaries in Panama

Monday, November 12 2007 @ 05:08 PM UTC

Contributed by: Don Winner

SINGAPORE/PANAMA: Cosco Corp. (Singapore) Ltd., through its wholly-owned subsidiary, Cosco (Singapore) Pte Ltd., incorporated two wholly-owned subsidiaries in Panama on Oct. 30. The subsidiaries, Cos Knight Shipping Maritime Inc. and Cos Lucky Shipping Maritime Inc., each set up with an authorized capital of US$10,000 and paid-up capital of US$2, will be involved in the acquisition of vessels on behalf of Cosco.

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