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COSCO orders 4 container ships for $280m

(Agencies)
Updated: 2008-05-14 11:34

China COSCO Holdings Co Ltd, the listed flagship of the country's top shipping conglomerate, has ordered four new container ships worth $280 million, the company said on Wednesday.

A unit of the company has signed a contract for four vessels of 4,250 twenty-foot-equivalent units each with an import firm and a shipyard based in East China's Jiangsu Province, it said in a statement.

The vessels are scheduled to be delivered in August and September of 2012.

China COSCO has said it would expand its fleet by ordering $2.3 billion worth of new ships.

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