(Image source:CaixinOnline) China COSCO Holdings Company Limited(SHA:601919), which Asia's second largest bulk shipper will attempt to sell assets in order to preventitself from delisting from the Shanghai Stock Exchange. The company reportednet losses for the first half of 2013 in the amount of $162 million. The staterun company already posted two consecutive years of losses. Another year oflosses will trigger a delisting from the exchange. This is why the company istrying to prevent another loss for the remaining year. COSCO will divest its stakein Qingdao Management and Shanghai Tianhongli assets in order to raise about 3.7 billion yuan. In the general, the global shipping industry is experiencing severe downturns.