COSCO Inks Contract for Four VLCCs with CSIC

COSCO Group held a ceremony in Ocean Plaza for the signing of a shipbuilding contract with China Shipbuilding Industry Corporation (CSIC) for four VLCCs on December 25, 2013.

The ceremony was attended by Chairman Ma Zehua, President Li Yunpeng, Chief Financial Officer Sun Yueying, and Executive Vice President Ye Weilong of COSCO Group, as well as President Li Changyin, Executive Vice President Dong Qiang and Executive Vice President Sun Bo from CSIC. Managers and executives from relevant departments and subsidiaries of the two companies also attended the ceremony. Chairman Ma Zehua and President Li Changyin delivered speeches in the ceremony.

The contract was signed by Mr. Zhu Jianhui, Managing Director of Dalian Ocean Shipping CO., Ltd, Mr. Yu Fengping, Managing Director of Dalian Shipbuilding Industry Corporation, and Mr. Xu Ziqiu, Managing Director of China Shipbuilding Industry International Trade CO., Ltd.

COSCO, December 26, 2013

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