COSCO strikes mammoth order for 42 bulkers  

COSCO Shipping’s ordering spree has continued with a massive newbuilding programme in the dry bulk segment. The Chinese state-owned shipping giant has commissioned 42 bulker newbuilds across its affiliated COSCO Shipping Heavy Industry and CSSC Chengxi Shipyard in two separate deals worth more than $2bn in aggregate ($1.8bn excluding tax). COSCO Heavy yards will be …

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