COSCO Shipping Specialized Carriers Orders Pulp Carrier Quartet at Dalian Yard

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China’s shipping company COSCO Shipping Specialized Carriers has exercised options to build four 62,000-ton multipurpose pulp carriers.

The company said it signed an agreement with COSCO Shipping Heavy Industry (Dalian) shipyard for the construction of vessel quartet on March 1, 2019.

The ships are expected to be delivered between the late 2019 and 2021. The company will pay USD 33.5 million per ship, according to data provided by Asiasis.

Last year, COSCO Shipping Specialized Carriers ordered five identical 62,000-ton pulp carriers. The order included four options which needed to be confirmed by March 7, 2019.

As explained, the move is in line with the company’s development strategy focused on seizing opportunities in the global pulp market.

Back in 2017, COSCO Shipping Specialized Carriers also ordered three 62,000 dwt pulp carriers at Dalian yard. The ships will carry cargo of Brazilian pulp and paper company Suzano Papel e Celulose.

COSCO Shipping Specialized Carriers, part of China COSCO Shipping Corporation Limited Company, operates a fleet of more than 100 vessels, including multipurpose and heavy lift vessels, semi-submersible vessels, pure car carriers, logs carriers as well as asphalt carriers.