Greater China

Cosco orders 6 vessels at CSSC

Shanghai: Cosco Group announced that its subsidiary Prosperity Investment has signed shipbuilding contracts with CSSC-affiliated Huangpu Wenchong Shipyard for the construction of four 64,000dwt bulkers. The price for each vessel is $28.28m.

In the meantime, Prosperity Investment ordered two 78,000dwt bulkers at CSSC-affiliated Jiangnan Shipyard at a price of $31.25m per vessel.

The four 64,000dwt bulkers are scheduled for deliveries in 2015 and 2016, while the two 78,000dwt bulkers will be delivered in 2015.

Cosco said the new ship orders will further optimize its bulker fleet structure and enhance its overall competitiveness. [16/06/14]

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