Singapore's Cosco wins $1.3 bln shipbuilding orders

Singapore-listed Cosco Corp (COSC.SI: Quote, Profile , Research) said on Wednesday that its 51-percent owned unlisted unit, COSCO Shipyard Group, in China has won orders worth a total of $1.34 billion to build 29 bulk carriers.

The vessels, ordered by three different customers, will be built at COSCO Dalian Shipyard and COSCO Guangzhou Shipyard in China, and are scheduled for delivery between October 2009 and December 2011, the company said in a statement.

Cosco did not name the ship-owners that have placed the orders.

Source:Reuters