Cosco bags two bulk carrier contracts

Cosco Corporation (Singapore) Limited announced that its subsidiary shipyard has secured a $41m contract from a European company to build two dry bulk carriers of 35,000 dwt each, Seatrade Asia online reports.

Both vessels are slated for delivery in the second half of 2014 from Cosco (Guangdong) Shipyard.

Cosco Corp did not reveal the name of the European customer.