Cosco Shipping Development orders 24 newbuilds

🇨🇳 Seatrade Maritime (CN) —

AI Summary

Cosco Shipping Development has placed a major newbuilding order worth approximately $1.27 billion for 24 vessels, reinforcing its strategic Industry-Finance layout and expanding its shipping capacity.

The RMB8.66 billion ($1.27 billion) newbuilding deal reinforces Cosco Shipping Development’s Industry-Finance layout

Markets Deals Shipping Cosco Shipping Development shipbuilding newbuilding contract maritime China investment

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