COSCO Signs Contracts with Four Shipyards

Monday, April 23, 2007
Xinhua reported that COSCO Group, China's leading shipping and logistics service provider, inked in Boao, Hainan Province on Saturday contracts with four domestic shipyards to build 66 ships. Zhang Fusheng, a COSCO spokesman, did not disclose the total value of these shipbuilding contracts but said they summed up to a record amount for the shipping giant. The move is to help meet China's strong demand for shipping as the country's fast economic development gives rise to more imports of energy resources and more auto imports and exports, said analysts. Wu Bangguo, Chairman of the Standing Committee of China's National People's Congress, attended the signing ceremony on the sidelines of the annual conference of the Boao Forum for Asia. The 66 ships - including container ships, bulk cargo ships, oil tanker and car carriers - will have a total deadweight tonnage of 5.14 million. They will be built by four domestic firms, including China Shipbuilding Industry Corp, COSCO Shipbuilding Industry Co and COSCO Shipyard Group, and will be delivered between 2008 and 2010. Source: Xinhua

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


TORM Orders Four LR2 Newbuildings

TORM has today entered into an agreement to purchase four fuel-efficient LR2 newbuildings from Guangzhou Shipyard International (“GSI”) with expected delivery

Australia Submarine Program Enters Next Phase

Evaluation of Australia’s Future Submarine program proposals will now commence with all three potential international partners submitting their proposals in full,

ESL Orders LNG-fueled Bulker following Transport Deal with SSAB

ESL Shipping Ltd and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea.

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0730 sec (14 req/sec)