SHANGHAI: In an industry accustomed to mega-deals, China’s COSCO Shipping Group has signed newbuilding order for 87 vessels, covering the entire spectrum of its current fleet operations. China State Shipbuilding Corporation (CSSC) reported the value of the order at approximately $7 billion, though it noted in stock exchange filings that final terms are subject to change as projects progress.
Chinese media reported that this is the largest order ever placed between a shipping company and a shipyard in China. The deal was announced . . .
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