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China Shipping Development orders four VLOCs

Shanghai: China Shipping's Hong Kong subsidiary is reported to have signed an agreement with CSSC Guangzhou Longxue Shipbuilding for the construction of four very large iron ore carriers (VLOCs). Upon delivery, the vessels, worth $360.6m will be used to transport iron ore by China Shipping Development (Hong Kong) Marine Co Ltd.  [29/10/07]

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