COSCO Shipping Specialized Carriers Inks Deal for Up to 9 Newbuilds

deal signingIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

COSCO Shipping Specialized Carriers has ordered five 62,000 dwt multipurpose pulp carriers at Cosco Shipping Heavy Industry (Dalian).

Under the contract, the company has options for four additional vessels from the series.

The investment is said to be in line with Cosco’s five-year fleet development plan.

The Chinese shipping company revealed that it would be paying around RMB 232.6 million (USD 33 million) per ship, pushing the total value of the deal including options to over USD 3 billion.

The nine ships are planned for successive delivery between 2019 and 2021.

Back in September 2017, the company ordered two 62,000 multi-purpose pulp carriers at Dalian, with an option for an additional vessel. The construction of the newbuilds is progressing well to meet delivery deadlines in 2019, the company informed.

World Maritime News Staff

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