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BRIEF-COSCO Shipping Development says unit entered into vessel assignment agreements
May 4, 2017 / 3:16 PM / in 7 months

BRIEF-COSCO Shipping Development says unit entered into vessel assignment agreements

May 4 (Reuters) - Cosco Shipping Development Co Ltd :

* Unit and COSCO Mercury entered into 13,500 TEU vessel assignment agreements for assignment of 13,500 TEU shipbuilding contracts

* Consideration payable by COSCO Mercury under 13,500 TEU vessel assignment agreements is estimated to be about $109.7 million

* Unit as assignor and COSCO Mercury entered into 21,000 TEU vessel MOA for assignment of 21,000 teu shipbuilding contracts

* Consideration payable by COSCO Mercury under 21,000 TEU vessel memoranda of agreement is estimated to be about $98.3 million Source text for Eikon: Further company coverage:

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