Four 180,000 dwt bulkers will be constructed at a total cost of $212.2m at China Shipbuilding & Offshore International Co while four 40,000 dwt bulkers will be built for $99.2m at Tianjin Xingang Shipbuilding Heavy Industry Co.
The newbuildings are slated to be delivered from 2015 to 2016.
“The company entered into the shipbuilding agreements in order to upgrade the fleets of bulk carriers of the group and improve the competitiveness of its fleet as a whole,” Hong Kong-listed China Cosco Holdings said.
It added that the company will finance the newbuildings from internal resources and bank borrowings.
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