China Cosco Holdings has ordered six 81,600 dwt bulk carriers and four 208,000 dwt bulk carriers at Chinese yards.

Cosco Shipyard Group has bagged $230m in newbuilding orders.

Sevan Drilling says it has entered into a standstill agreement with Cosco (Qidong) Offshore for the construction contract on the Sevan Developer as negotiations continue over the delayed newbuilding.

Valemaxes: the world’s largest bulkers and the most controversial ships in commercial shipping in many years may finally be used as they were intended after a deal between Cosco and Vale last week.

China Cosco scrapped eight bulkers in the months of July and August.

China Cosco has placed an order to build five 14,500 teu containerships at a total cost of $618m.

A visit of a top delegation of China's state-owned Fujian Shipbuilding Industry Corp to Greece saw it looking for closer cooperation with Greece's shipyards and suppliers and speculation of it making investment.

Sevan Drilling may cancel the delayed rig newbuilding Sevan Developer ordered at Cosco Shipyard Group.

Troubled Chinese line China Cosco continued to bleed, with first half losses widening to RMB2.28bn ($317.2m) from RMB990m previously even though it managed to raise revenue slightly to RMB32.49bn from RMB31.07bn previously.

China Merchants Bank has announced on Tuesday the provision of a three-year credit facility of RMB30bn ($4.9bn) to state-owned shipping conglomerate China Cosco Group and its subsidiaries.