Cosco Shipbuilding on the Rise

Thursday, January 24, 2008

Cosco Corp. Singapore Ltd., the shipbuilding and repair unit of China's shipping line, rose in the stock market after it won orders totaling $422 million to convert and build tankers, according to a Bloomberg report. A Norwegian customer reportedly placed the order to build two shuttle tankers, scheduled for delivery in 2010 and 2011.

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