Cosco has secured new shipbuilding contracts for its shipyard in Zhoushan, China, ChannelNewsAsia.com reported.
One of the contracts is to build 12
new bulk carriers of 57,000 dead weight tons each.
A second contract is for four pure car and truck carriers that can carry 5,000 vehicles each.
They were awarded by a sister company, Cosco International Ship Trading.
The ships are to be delivered between December next year and October 2009.