COSCO orders 66 ships
COSCO, China's biggest ocean carrier, said this week it plans to add 66 vessels to its fleet, to be built at four Chinese shipyards.
The new vessels — including containerships, car carriers, tankers and bulk cargo ships — represent more than 5 million deadweight tons. The vessels, some of which are to be built by COSCO's own shipyards, are due for delivery between 2008 and 2010.