New Container Vessels for COSCO

COSCO Entities have entered into shipbuilding agreements worth US$434.5 million with China Shipbuilding Trading and Changxing Shipbuilding for the construction of five 9,400 TEU container vessels.

Under each agreement, the relevant COSCO Entity shall pay the consideration of US$86.9 million in installments, in accordance with the construction progress of the vessel.

Delivery of the vessels is expected to take place from 2016 to 2017.

COSCO Entities are wholly-owned subsidiaries of COSCO Asset Management, and hence wholly-owned subsidiaries of China COSCO Holdings Company Limited.

World Maritime News Staff, January 28, 2014; Image: Wikimedia

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >