COSCO sets new course to create six businesses

China COSCO Shipping Corp Ltd, now the world's largest bulk vessel and oil tanker operator by fleet size, is to deploy more resources to six new businesses, Chairman Xu Lirong said on Thursday.

They will focus on logistics, industrial equipment manufacturing, financial and shipping services, investment, and operations linked to the country's "Internet Plus" development program, he said.

Xu was speaking in Shanghai at the company's grand opening.