COSCO aims to be a major shipbuilder

COSCO Shipyard Group has reinforced its status as major shipbuilder, booking in US$1.34 billion worth of bulker newbuilding orders for its Dalian and Guangzhou yards.

Main shareholder, Singapore-listed Cosco, had bagged orders for 17 supramaxes of 57,000DWT, worth US$699 million in total, eight 80,000-DWTbulkers for US$400 million and four 92,500-DWT bulk carriers for US$266 million.

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