COSCO bags contract to build 7 container vessels
Scheduled for delivery in 2017.
COSCO has just recently secured a contract with Maersk Line to build seven (7) 3,600 TEU (twenty-foot equivalent) container vessels.
According to a media release by COSCO, COSCO Zhoushan and Maersk Line have agreed to keep the contract price confidential.
The container vessels are scheduled for delivery between April 2017 and November 2017.
Pursuant to the contract, Maersk Line has an option to place order for an additional two (2)
container vessels within eight (8) months.