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COSCO ORDERS PANAMAX BULK CARRIERS

COSCO ORDERS PANAMAX BULK CARRIERS

   China Ocean Shipping Co. has ordered two Panamax bulk carriers.
   The two 74,100 deadweight-ton ships will be built by the Japanese
shipyard Oshima.
   The ships will be delivered to COSCO (H.K.) Shipping Co., Ltd. in 2001.