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International

Chinese shipping group establishes captive insurance unit

February 21, 2017 Reprints

China COSCO Shipping Corp. Ltd. has established a new insurance unit called COSCO Shipping Captive Insurance Co. in Shanghai, Seatrade Maritime News reported. The launch of the captive is in line with the group's 6+1 industrial cluster, namely shipping, logistics, finance, equipment manufacturing, shipping services, real estate industry, and Internet Plus innovative business, said Wan Min, general manager of COSCO.

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Chinese shipping group establishes captive insurance unit

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