COSCO in largest ever build and lease order

COSCO Shipping carriers

Source: COSCO Shipping

COSCO Shipping Development has signed an investment, construction and leasing agreement for 42 bulk carriers

Inked on 30 August, this deal marks the largest shipbuilding and leasing transaction since the company transformed into a shipping industry and finance operator in 2016.

The deal comprises five 64,000 tonne, two 82,000 tonne and 35 80,000 tonne ships with a total order of more than €1.8 billion

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