COSCO's unit wins 2 contracts worth US$78 mln
COSCO Corporation (Singapore) Limited said COSCO (Guangdong) Shipyard Co, Ltd has been awarded contracts worth a total of RMB530 million (US$77.64 million). The two shipbuilding contracts were awarded by an Asian shipowner for the building of two units of bulk carriers of 57,000 dwt each.
The vessels are scheduled for deliveries between July 2011 and November 2011.
COSCO (Guangdong) Shipyard Co, Ltd. is a subsidiary of the company's 51 per cent owned COSCO Shipyard Group Co, Ltd.