COSCO Shipping Development (02866.HK) enters into shipbuilding contracts and leasing agreements for 16 VLCCs, with a total shipbuilding price of approximately RMB 13.425 billion.
Zhitong Finance APP News, COSCO Shipping Development (02866.HK) announced that on November 11, 2026, the group (as buyer) and China State Shipbuilding Corporation (as seller) entered into the third 2026 CSSC shipbuilding contract for the construction of sixteen 307,000 DWT VLCCs, with a total contract price of approximately RMB 13.425 billion (excluding taxes and fees).
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