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Cosco orders new ships for the first time in five years

The big Chinese carrier orders new ships for the first time in five years. Read on to find out how many new ships Cosco has ordered from two Chinese shipyards.

China Cosco Holdings, China's biggest shipping conglomerate, has placed its first large order for new ships in five years, reports Chinadaily.com.

The order includes four 64,000 dwt dry bulk vessels and four VLCC ships.

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