Cosco to invest US$5B in container vessels

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Cosco Ship Holding will spend approximately US$5B on new ships over the next three years. Thirty two ships, with an estimated carrying capacity of 580,000 TEU and comprising of a mix of ULCV and neo-Panamax vessels will be added to the fleets of China Cosco Shipping Corp and OOCL between the start of 2023 and the end of 2025.

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