The 28,450-dwt Da Cui Yun has the capacity for 1,735 containers as well as general cargo. The multipurpose vessel operator posted net losses totalling CNY42.8 million (US$7 million) for January-September, and losses of CNY49.7 million during the same period a year earlier.
It said the company is not known to have any cash issues, although Coscol has faced mounting losses in recent quarters due to weak freight rates.
In 2011, several bulk carriers linked to China Cosco Holdings, the flagship unit of Cosco Group, were arrested in disputes over charter payments with a number of Greek shipowners.