CSSC-affiliated Guangzhou Shipyard International (GSI) and Guangzhou Zhongchuan Huangpu Shipyard have won an order for a total of eight bulkers from COSCO subsidiary Shenzhen Yunshu.
The eight-ship newbuilding orders are the first of COSCO's broader 20 coastal bulker newbuilding project.
GSI will build four 50,000 dwt bulkers while Guangzhou Zhongchuan won 65,000 dwt bulker quartet.
Both ship designs were developed by COSCO itself and they are said to be at top level in China in terms of eco-friendliness and energy efficiency.