Cosco Shipping Investment (Dalian) has made its shipowning debut with orders for two small LPG carriers at China Merchants Jinling Shipyard Dingheng.
The company, a subsidiary of China Cosco Shipping, is currently active in the hotel, chemical storage and logistics service industries.
The cost of the two 5,500-cbm newbuildings and the delivery dates were not disclosed. But shipping sources in China suggested that they would cost more than $20m per ship.
