Cosco Bulk places newcastlemax orders in China

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Cosco is reportedly ordering up to 30 newcastlemax bulk carriers at Chinese yards to support its long-term shipping project with Aluminum Corporation of China (Chalco).

Cosco Shipping Bulk has placed orders at various domestic yards, including subsidiary yards of Cosco Shipping Heavy Industry and CSIC-affiliate yards for an initial sixteen 210,000 dwt vessels. The total orderbook for the project could land at around 30 vessels.

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