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China Cosco mulls order for five boxships and six bulkers

China Cosco Group is planning to order more new ships that will include five containerships and six dry bulk carriers.

Lee Hong Liang, Asia Correspondent

July 16, 2014

1 Min Read

Kalyakan - stock.adobe.com

The state-owned shipping conglomerate has scheduled a shareholder’s meeting on 28 August to discuss the proposal to order five 14,000 teu containerships and six 81,600 dwt bulk carriers.

Shanghai-listed Cosco has just ordered 10 bulker newbuildings at two domestic shipyards for a total of $262.5m, and sold eight elderly vessels to the scrapyards.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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