Bulkers for Cosco Guangdong Shipyard

Singapore:  Mainboard-listed Cosco Corporation said its unit Cosco Guangdong Shipyard has secured contracts valued over US$55 million to build two bulk carriers.

The carriers of 57,000 dead weight tonnes each are scheduled for deliveries in September 2011 and March 2012.

Cosco said the contracts are effective, following receipt of the initial deposits from the Asian ship owner.

The deals not expected to impact Cosco's earnings for the current financial year.
(Source:www.seatradeasia-online.com)