COSCO Corporation (Singapore) Limited announced earlier today that it has entered into a contract with a European buyer for the building of three 1,750 TEU container vessels.
The containerships will be built at the Company’s COSCO Guangdong shipyard.
Image courtesy: Cosco Corp.
The European buyer and COSCO Guangdong shipyard have agreed to keep the contract prices confidential.
The container vessels are scheduled for delivery in 2Q2019 and 3Q2019 respectively.
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.
Source: Cosco Corp