COSCO Clinches Order for Three Containerships

COSCO Corporation (Singapore) Limited has secured an order from a European buyer to build three 1,750 TEU containerships at the company’s COSCO Guangdong shipyard.

The container vessels are scheduled for delivery in the second and third quarter of 2019, respectively.

The parties have agreed to keep the contract prices confidential.

The order comes with an option for further three containerships of the same type.

According to the company, the vessels will feature a length of 172 meters, and a width of 28.4 meters.

COSCO said that the transactions are not expected to have any material impact on the net tangible assets and earnings per share for the year ending December 31, 2016.

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