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

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