COSCO Goes Big with $7B Order for 87 Ships in Vessel Renewal Project
In an industry familiar with large orders, China’s COSCO Shipping has nonetheless drawn attention with reports that it signed an order that will see the company build 87 new vessels across all segments of its fleet. China State Shipbuilding reports the order is valued at approximately $7 billion, although it cautions in a stock exchange filing that the final terms will evolve as the projects proceed. Chinese media is reporting that it is the largest ever order placed...
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