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November 1, 2010

COSCO books more bulkers orders

China's COSCO (Dalian) Shipyard Co. Ltd. reports it has secured contracts valued at over $87 million to build three bulk carriers of 57,000 dwt each. The contracts are effective following receipt of the initial deposits from the Asian shipowner and the ships are scheduled for deliveries from May 2012 to March 2013.

In addition two contracts for bulkers reported by the company earlier have become effective following payment of the initial deposits by the shipowners. The two were among 11 contracts and four letters of intent signed by COSCO (Dalian) Shipyard Co., Ltd. and COSCO (Guangdong) Shipyard Co., Ltd. and reported June 15.


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