COSCO launches MPP fleet push with up to 30 newbuilds
China’s COSCO Shipping Bulk has signed up for a massive newbuilding programme in the multipurpose segment that could see up to 30 newbuildings delivered for a total of $1.5bn. The dry bulk arm of the Chinese behemoth COSCO Shipping has teamed up with compatriot Citic Financial Leasing (Citic FL) for 15 firm 80,000 dwt MPPs …
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