China Cosco has is buying eight bulkers from CSSC Shipbuilding’s China Shipbuilding and Chengxi Shipyard. The deals comprise four 38,800 dwt bulkers for $99.2m and 63,800 dwt bulkers for $114.4m for delivery in 2016 and 2017. The company also ordered two 38,500 bulkers from CSIC Shipbuilding for $49.5m to be delivered in 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,” the company said.
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