Cosco Agrees to Postpone Bulker Delivery

China’s Cosco (Zhoushan) Shipyard, part of Cosco Shipyard Group, has agreed to postpone the delivery of one bulk carrier to an unnamed European client by one year.

Upon the request of the client, the delivery of the bulker was pushed from the second quarter of 2017 to the second quarter of 2018.

The shipowner asked for the postponement due to ”the current unfavourable market conditions.”

”In view of the rescheduling and the uncertainty as to when the shipowners will take delivery of the bulk carrier, it is not possible to ascertain the financial impact of the agreement for rescheduling at this point in time. The Company will make announcements of any significant development in this matter at the appropriate junctures,” Cosco said in a statement.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >