Chinese Shipyards Get More Bulk Carrier Contracts

COSCO shipyards in Guandung and Zhoushan obtain bulk carrier orders worth $198M 

COSCO (Guangdong) Shipyard has been contracted by a European company to build a 35,000 dwt bulk carrier scheduled for delivery in the first quarter of 2013.

Separately, COSCO (Zhoushan) Shipyard has secured two contracts and four option contracts from another European company to build a total of six units of 64,000 dwt bulk carriers with eco-friendly and fuel-efficient designs. The two contracts will become effective following approval from the shipbuilder's board of directors.