A vessel is seen under construction at the Waigaoqiao shipyard in Shanghai Nov. 5, 2013. 

REUTERS/Carlos Barria

China Cosco

After two years in the red, China Cosco is selling off subsidiaries in the hopes of covering its losses this year and avoiding delisting.

Photo: Reuters/Barry Huang

Laborers leave a ship undergoing construction during a lunch break at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013. 

REUTERS/Carlos Barria

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A laborer walks near a ship that is under construction at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013.  REUTERS/Carlos Barria

 

A laborer walks near a ship that is under construction at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013.  REUTERS/Carlos Barria

 

A vessel under construction is seen at the Waigaoqiao shipyard in Shanghai Nov. 5, 2013.  REUTERS/Carlos Barria

 

A laborer rests during a lunch break at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013.  REUTERS/Carlos Barria

 

Laborers work on a section of a ship, which is under construction at the Waigaoqiao shipyard, in Shanghai Nov. 5, 2013.  REUTERS/Carlos Barria

 

A laborer welds part of the structure of a ship that is under construction at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013.  REUTERS/Carlos Barria

 

A laborer welds part of the structure of a ship that is under construction at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013. .  REUTERS/Carlos Barria

 

A laborer works on a section of a vessel that is under construction at the Waigaoqiao shipyard in Shanghai Nov. 5, 2013.  REUTERS/Carlos Barria

 

A laborer works on a section of a vessel that is under construction at the Waigaoqiao shipyard in Shanghai Nov. 5, 2013.  REUTERS/Carlos Barria

 

A laborer welds part of the structure of a ship that is under construction at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013.  REUTERS/Carlos Barria

 

A laborer works inside the structure of a ship that is under construction at the Hudong-Zhonghua Shipbuilding company's shipyard in Shanghai Oct. 14, 2013.  REUTERS/Carlos Barria

 

A laborer takes a break as he works inside a ship that is under construction at the Waigaoqiao shipyard in Shanghai Nov. 5, 2013.  REUTERS/Carlos Barria