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You are here: Home → Archive → 2009 → July → Weekly Edition 23rd of July 2009 → Cosco cancels bulker orders to own yards

Cosco cancels bulker orders to own yards

by Marcus Hand, Singapore — last modified Jul 23, 2009 04:37 PM

CHINA Ocean Shipping Group companies have axed close to US$300m worth of bulk carrier newbuildings ordered at their own shipyards in China.

Two subsidiaries of China Cosco Holdings, Qingdao Ocean Shipping and Cosco Hong Kong Shipping, have cancelled eight 57,000 dwt supramax bulker newbuildings ordered at Cosco Zhoushan Shipyard.
The contracts were worth US$298.7m, according to Singapore-listed Cosco Corp, which owns...

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