Cosco Shipping Holdings is splashing out about $2.15bn on a series of container ship newbuildings as it reported an operating income of CNY 101bn ($14.2bn) for the first half of its current year.
China’s largest liner operator revealed it has ordered a dozen 14,000-teu boxships at subsidiary shipyard Cosco Shipping Heavy Industry Yangzhou (Cosco HI Yangzhou).
The company has chosen methanol dual-fuel neo-panamaxes and said they will cost $179.5m
