Independent journal on economy and transport policy
14:56 GMT+2
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COSCO Shipping lowers orders ten new VLOC of 400.000 tpl
Signed an agreement of strategic cooperation with navalmeccanico group CSSC
March 31, 2016
Today to Shanghai the new shipowning group Lowers COSCO Shipping Corporation, been born 18th February from the fusion of Chinese groups COSCO and Lowers Shipping, has signed an agreement of strategic cooperation with the navalmeccanico group China Is been Shipbuilding Corporation (CSSC), with which in the past analogous group COSCO it had undersigned understandings.
In occasion of the today's signature it is signed also a contract for the construction of ten new Very Large Hours Carrier (VLOC) of 400.000 gross capacities in tons. The ten ships to mineraliere will be constructed by the shipbuilding society Shanghai Waigaoqiao Shipbuilding Co. The ships will be used in the within of the contract undersigned in recent days from Lower COSCO Shipping Corporation with the Brazilian mining group Are worth for the transport of 16 million tons of iron mineral per year for a period 27-year-old ( on 18 March 2016).
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