Coscol Orders Two More Heavy-Lift Ships

Shaghai-listed COSCO Shipping Co., Ltd. (Coscol) has placed an order for two additional 28,000 dwt heavy lift ships with Shanghai Hudong-Zhonghua Shipbuilding.

The order forms part of a previously inked contract for 4+2 28,000 DWT heavy lift ships, with the order for four firm units confirmed in January.

The quartet is slated to start  joining Coscol’s heavy-lift fleet as of late 2016.

The delivery of the additional duo is scheduled to take place in April 2018 and August 2018, Coscol said.

The value of the two optional heavy-lift vessels is said to be in line with that of the previously ordered four ships, which were each priced at USD 46.4 million.

Coscol is financing its newbuilding heavy-lift fleet through a private placement of 455 million of shares set at RMB 2.5bn (USD 402.3m).

World Maritime News Staff

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