Cosco shipyards win $150m newbuilding orders

Cosco (Dalian) Shipyard will build the oil tanker for an Asian company, with delivery scheduled in the fourth quarter of 2016.

Cosco (Nantong) Shipyard and Cosco (Guangdong) Shipyard will each construct one cargo transfer vessel for an European company, with deliveries slated in the third quarter of 2017 and the first quarter of 2018, respectively.

The European buyer has also secured options for four additional cargo transfer vessels.