china cosco

COSCO Signs Another 10-Ship Newbuild Order

Rob Almeida
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September 24, 2014

coscoChina COSCO’s fleet upgrade program continues today with an order for ten more bulk carriers including six of 81,600 dwt and four of 208,000 dwt. The orders were placed at CSSC’s Chengxi Shipyard and Waigaoqiao Shipbuilding for a total consideration of US$188.88 million and USD $231.6 million, respectively.

The orders were made via COSCO’s wholly-owned investment vehicle Prosperity Investment and follows a similar order for 10 ships placed by Prosperity in July.

Deliveries of the vessels are planned between 2016 and 2017.

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