COSCO orders 24 bulkers in $1.27bn leasing play

COSCO Shipping Development has unveiled orders for 24 dry bulk vessels worth RMB8.66bn ($1.27bn), deepening its ship leasing business with long-term charters back into the COSCO group. The Shanghai- and Hong Kong-listed company said its indirect wholly owned subsidiary Hainan COSCO Shipping Development Shipping will contract the vessels at yards controlled by COSCO Shipping Heavy … Read full article →