COSCO bags contract worth over US$41m
Two bulk carriers of 35,500 dwt each will be built.
The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Guangdong) Shipyard Co., Ltd has secured a contract from a European company to build the two bulk carriers.
The total contract value for the two bulk carriers is over US$41 million.
Both vessels are scheduled for delivery in the second half of 2014.