Cosco Corporation (Singapore) says Cosco (Guangdong) Shipyard Co., a unit of the company’s 51% owned subsidiary, Cosco Shipyard Group Co., has secured contracts valued over US$51 million ($68 million) to build two bulk carriers of 57,000 dwt and 35,000 dwt. The contracts are effective following receipt of the initial deposits from the European ship owner.
The bulk carriers which will be built at Cosco (Guangdong) shipyards are scheduled for deliveries in August 2012 and December 2012 respectively.
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