Cosco Shipyard's unit to build four ships for CMA CGM
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
A SUBSIDIARY of Cosco Corporation's 51 per cent-owned shipyard group has won new containership orders from French shipping line, CMA CGM.
Cosco (Zhoushan) Shipyard Co was awarded a contract from CMA CGM for four 3,300 teu containerships at undisclosed prices, Cosco Corp said in a Singapore Exchange announcement on Wednesday.
Cosco Zhoushan is owned by Cosco Shipyard Group, a 51 per cent subsidiary of Cosco Corp.
The vessels are scheduled for delivery between March 31 and Aug 31, 2018.
The contract is not expected to have a material impact on the net tangible assets and earnings per share of Cosco Corp for the year ending Dec 31, 2016.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
