Cosco secures over $113m in new orders

Cosco (Guangdong) Shipyard, subsidiary of Cosco Corp (Singapore), has won contracts worth over $113m to build special purpose carriers.

The deal includes three firm contracts following receipt of initial deposits from an undisclosed European shipowner, and one option to be exercised by the shipowner by the end of June 2011.
The special purpose carriers will be built at Cosco (Guangdong) shipyards and they are scheduled for deliveries between February 2013 and February 2014. Singapore-listed Cosco Corp also revealed that another of its subsidiary Cosco (Dalian) Shipyard, has delivered a bulk carrier of 80,000 dwt Mega Star to its Asian buyer.