COSCO SHIPPING DEVELOPMENT, through its wholly owned subsidiary Hainan COSCO SHIPPING DEVELOPMENT Shipping Co., Ltd., has commissioned COSCO SHIPPING HEAVY INDUSTRY (DALIAN) CO.,LTD to build 15 bulk carriers of 87,000 DWT each. The total contract value is RMB 4.785 billion, with a unit price of RMB 319 million per vessel, excluding taxes. The vessels