China State Shipbuilding Corporation(CSSC)and COSCO Group head office held newbuilding contract signing ceremony in Shanghai in September 24.

The contract for newbuilding construction and the cooperation memorandum signed by the two sides includes 5 container vessels of 14,500 TEU, 4 bulk carriers of 208,000 DWT and 6 bulk carriers of 82,000 DWT, amounting 2.1 million DWT which hits the highest record of the one-time order amount in CSSC’s history..

COSCO group can be regarded as the leader in shipping industry in domestic and even all over the world, and it is also a long-term reliable cooperation partner of CSSC.

Under the complicated shipping and newbuilding market backgrund in global, the cooperation of these two companies may promote the process of reshuffle in shipping industry and also will become a remarkable demonstration effect to structural adjustment in shipping and ship building industry.