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COSCO orders five 9,400-TEU container ships

   It will pay $86.9 million for each ship for a total of $434.5 million. They are to be delivered in 2016 and 2017. COSCO also noted that on Dec. 30, it ordered four 64,000-dwt bulk carriers for $27 million each.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.