COSCOL to order four MPVs

Guangzhou: Cosco Shipping Company (COSCOL) announced today that the board of the company has approved to order four 36,000dwt multi-purpose vessels at CSSC Guangzhou Huangpu Shipbuilding.

The price for each vessel is RMB246m. COSCOL expects to get an annual net profit of RMB27.65m from the operation of the four vessels.

COSCOL reported a net loss of RMB40.56m in the first three quarters of this year. [29/11/13]

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