COSCO Shipping is advancing its fleet expansion with a significant newbuilding initiative in the dry bulk sector. The Chinese state-owned shipping giant has placed orders for 42 new bulk carriers through its affiliated shipyards, COSCO Shipping Heavy Industry and CSSC Chengxi Shipyard. These contracts, split into two separate deals, are valued at over $2 billion, … Continue reading COSCO strikes mammoth order for 42 bulkers