COSCO (Zhoushan) Shipyard Co., Ltd , a subsidiary of the COSCO’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, has secured a contract with Maersk Line to build seven 3,600 TEU (twenty-foot equivalent) container vessels, the company said in its press release.
COSCO Zhoushan and Maersk Line have agreed to keep the contract price confidential. The container vessels are scheduled for delivery be tween April 2017 and November 2017. Pursuant to the contract, Maersk Line has an option to place order for an additional two container vessels within eight months.