Chinese media said the deal will support a backlog of 53 ships at domestic shipyards.
This includes semi-submersibles, VLCCs, 9,400-teu boxships and eco-bulkers.
Cosco's Cosco Dalian subsidiary has nine VLCCs on order, while Container line Coscon has five 9,400-teu boxships on order Shanghai Jiangnan-Changxing Shipbuilding.
Bulker unit Cosbulk has four 180,000-dwt ships and four 40,700 vessels on order at Tianjin Xingang for delivery this year and in 2016, while the Prosperity Investment unit has another 30 of various sizes at different yards.
The
