Cosco Corporation (Singapore) says Cosco (Dalian) Shipyard, the subsidiary of the company’s 51% owned subsidiary, Cosco Shipyard Group, has secured contracts valued over US$87 million ($112 million) to build three bulk carriers of 57,000 dwt each. The contracts are effective following receipt of the initial deposits from the Asian ship owner.

The bulk carriers which will be built at Cosco (Dalian) shipyards are scheduled for deliveries from May 2012 to March 2013.

Meanwhile, Cosco says it has received initial deposits for two out of the 15 shipbuilding contracts announced made by the company on June 15.

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