COSCO ORDERS SEVEN 5,250-TEU CONTAINERSHIPS

COSCO ORDERS SEVEN 5,250-TEU CONTAINERSHIPS

   China Ocean Shipping Co. has ordered seven 5250-TEU containerships, with another three vessels on option, from the Japanese shipyard Kawasaki Heavy Industries.
    The vessels will be delivered by 2001.
    Two of the seven vessels will be subcontracted to the Chinese shipyard Nantong Shipyard.
    COSCO already operates a series of six 5,446-TEU capacity, built in 1997, that are deployed in the transpacific trade.