Cosco Corporation has secured a $100m contract for four bulk carriers from an unnamed European shipowner.

The 57,000dwt bulk carriers will be built at Cosco’s Zhoushan Shipyard in China.

The vessels are scheduled for delivery from August 2012 to March 2013.

The Chinese shipbuilder said the contracts are not expected to have a material impact on net assets and earnings for the year ending 31 December 2010.