August 23, 2007
COSCO wins orders worth $708 million
China's COSCO Shipyard Group has announced shipbuilding and conversion contracts aggregating US$708.1 million from several international customers.
The projects will be carried out at COSCO's Zhoushan, Dalian, Nantong and Shanghai shipyards.
The 16 bulk carrier contracts signed with Greek, Turkish and Liberian-flag customers are targeted for progressive deliveries in 2009 and 2010.
The conversion contracts came from customers from the U.S.A, Taiwan and India, and are expected to be completed in 2008.