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Home›News›COSCO in Deal to Build $517 Mln Container Ships
News

June 27, 2006 · about 20 years ago

COSCO in Deal to Build $517 Mln Container Ships

China COSCO Holdings Co. Ltd. said on Tuesday it would spend US$516.8 million to build eight container ships, aiming to satisfy demand and maintain competitiveness. Each ship would be able to carry the equivalent of 5,100 twenty-foot containers. The company, China’s largest container shipping firm,

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China COSCO Holdings Co. Ltd. said on Tuesday it would spend US$516.8 million to build eight container ships, aiming to satisfy demand and maintain competitiveness. Each ship would be able to carry the equivalent of 5,100 twenty-foot containers.

The company, China’s largest container shipping firm, said in a statement that Jiangnan Shipyard (Group) Co. Ltd., a unit of China State Shipbuilding Corp. Ltd., would build the ships.

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