|
|
COSCO to Pay $1.95B for 16 Ships
Monday, May 12, 2008
COSCO Holdings reportedly will pay $1.95b for 16 new ships, as it continues its fleet expansion, according to a Reuters report. The company will reportedly pay $1.3b for eight 13,350-TEU containerships and eight 205,000-dwt dry bulk cargo ships for $612.8m. COSCO had said in April that it would expand its fleet by ordering $2.3b worth of new ships and planned to raise its 2008 capital expenditure by 37 percent to $3.34b
|
|