APJ orders three bulkers

Kolkata-based Apeejay Shipping, (APJ Shipping), part of the Apeejay Surrendra group, has placed orders for three dry bulk carriers of 57,000 DWT from Cosco shipyard group of China at a total cost of $130 million. The three vessels will be built at Cosco?s Guangzhou shipyard and will be delivered between April 2009 and 2011.