Photo by Mitch Waxman

 

Cosco Holdings, a China shipping company has confirmed that they will be ordering 11 mega-ships for a whopping $1.5 billion.

Photo by Mitch Waxman

 

6 of the new boats will be built by COSCO shipyards, with the remaining 5 by China Shipbuilding Industry Corp. and China State Shipbuilding Corp.

Photo by Mitch Waxman

 

The new mega-ships will each have capacity of 19,000 TEUs and are scheduled for delivery in 2018.

Photo by Mitch Waxman

 

Maritime Professional: China COSCO stated in its filling to the Shanghai Stock Exchange on September 9 that it has ordered two container ships at Dalian COSCO Khi Ship Engineering (DACKS) for $270.6 million, four at Nantong COSCO Khi Ship Engineering (NACKS) for $541.2 million, three at CSSC Shipbuilding for $418.5 million, and two at CSIC Shipbuilding for $279 million.

Read more from Maritime Professional here…

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