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China COSCO in talks to postpone or cancel vessel orders

Apr. 27, 2009 (China Knowledge) - China COSCO Holdings Co Ltd<601919><1919>, the country's leading international shipping carrier, has announced that it is in talks with ship manufacturers to postpone or cancel some ship orders due to the gloomy shipping market. The company may cancel orders for 120 ships, of which 75% are for dry bulk vessels and 25% are for oil tankers and containe

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