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BIZCHINA> News
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COSCO orders 4 container ships for $280m
(Agencies)
Updated: 2008-05-14 11:34  China COSCO Holdings Co Ltd, the listed flagship of the country's top shipping conglomerate, has ordered four new container ships worth $280 million, the company said on Wednesday. A unit of the company has signed a contract for four vessels of 4,250 twenty-foot-equivalent units each with an import firm and a shipyard based in East China's Jiangsu Province, it said in a statement. The vessels are scheduled to be delivered in August and September of 2012. China COSCO has said it would expand its fleet by ordering $2.3 billion worth of new ships. (For more biz stories, please visit Industries)
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