SINGAPORE (March 2): COSCO Corporation (Singapore) announced Thursday that COSCO (Guangdong) Shipyard Co. has entered into a contract with a European buyer for three 1,750 TEU container vessels.

COSCO Guangdong is a subsidiary of COSCO Corp’s 51% owned subsidiary, COSCO Shipyard Group Co.

COSCO Guangdong and the European buyer have agreed to keep the contract prices confidential.

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