COSCO orders four 5,100-TEU ships
China Ocean Shipping Co. has ordered four 5,100-TEU ships from Hanjin Heavy Industries for delivery by 2008, Reuters reported.
Total cost of the four ships will be $273 million. The latest order from COSCO brought total orders received so far this year by Hanjin Heavy Industries to $1.6 billion, double its original target of $800 million, Reuters said.