October 24, 2007
COSCO books $1.34 billion in bulker orders
COSCO Corporation (Singapore) Limited reports that its 51%-owned COSCO Shipyard Group has secured shipbuilding contracts valued at US$1.34 billion to build 29 bulk carriers for several foreign ship-owners.
The orders comprise 17 57,000 dwt bulkers worth a total US$699.4 million, eight 80,000 dwt bulkers worth a total US$400.1 million and four 92,500 dwt bulkers worth a total US$244.0 million
The 29 bulk carriers will be built at COSCO Dalian Shipyard and COSCO Guangzhou Shipyard, and are slated for delivery between October 2009 and December 2011.