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COSCO signs $440 million worth of shipbuilding deal

Singapore-listed Chinese shipping firm Cosco clinched $440 million worth of ship-building contracts from four European shipowners to build 15 bulk carriers. The bulk carriers, of which 4 are 82,000 dead weight ton each and 11 are 57,000 dwt each, are expected to be delivered between the end of 2011 and mid- 2013.

From Reuters, June 15, 2010

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