Cosco to Order New Ships

China Cosco Holdings plans to order nine new cargo ships in its first major purchase in over five years, as it takes advantage of a government subsidy to scrap old vessels and upgrade its aging fleet.



from WSJ.com: US Business http://online.wsj.com/article/SB10001424052702303453004579291390737006768.html?mod=pls_whats_news_us_business_f

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