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| Name | Symbol | Market | Type |
|---|---|---|---|
| Cosco Shipping International Singapore Company Ltd (PK) | USOTC:CSCMY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.019 | 4.98% | 0.4008 | 0.3606 | 0.5666 | 0.4008 | 0.4008 | 0.4008 | 242 | 21:00:29 |
From Apr 2020 to Apr 2025
By R. Jai Krishna
SINGAPORE--Cosco Corp. (Singapore) Ltd. (F83.SG) said Friday that its unit has won a contract from Maersk Line to build seven ships.
Cosco Zhoushan Shipyard Co. Ltd., a unit of Cosco Corp. will build seven 20-foot equivalent container vessels, the company said in a regulatory filing. "Cosco Zhoushan and Maersk Line have agreed to keep the contract price confidential," it said.
Maersk Line is the global container division and the largest operating unit of the A.P. Moller-Maersk Group, according to its website.
According to the terms of contract, Cosco Zhoushan will have to deliver the vessels between April 2017 and November 2017.
Maersk Line also has the option to place additional orders for two more ships within eight months as part of the contract, it added.
Write to R. Jai Krishna at krishna.jai@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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