COSCO orders 25 ships
China COSCO Holdings Co. Ltd. said its board on Tuesday authorized placed orders for 25 ships at a total cost of $2.3 billion.
The company said its COSCO Container Lines Co. Ltd. subsidiary would enter into conditional construction contracts with Nantong COSCO KHI Ship Engineering Co. Ltd., a 50-50 joint venture between COSCO and Kawasaki Heavy Industries for eight ships with capacities of 13,350 TEUs each.
The company also said it was ordering 17 dry bulk vessels.
COSCO orders 25 ships
