Cosco Shipping Development Co LtdCOSCO SHIPPING Development announces a 7.92 billion yuan investment to build 15 bulk carriers through its subsidiary.
COSCO SHIPPING Development announced plans to build 15 new 210,000-deadweight-ton bulk carriers through its wholly-owned subsidiary Hainan COSCO SHIPPING Development Shipping Co., Ltd., with a total investment of 7.92 billion yuan. Of these, 10 vessels will be constructed by Waigaoqiao Shipbuilding with a transaction value of 5.28 billion yuan, and 5 vessels will be built by Xiangyu Shipbuilding with a transaction value of 2.64 billion yuan. The ships are expected to be delivered gradually starting from May 2030 and will be chartered on a long-term operating lease to COSCO SHIPPING Bulk.
Cosco Shipping Development Co LtdCOSCO SHIPPING Development announces a 7.92 billion yuan investment to build 15 bulk carriers through its subsidiary.
China CSSC Holdings LtdWaigaoqiao Shipbuilding, a subsidiary of China CSSC Holdings Ltd, is contracted to build 10 of the 15 bulk carriers for 5.28 billion yuan.
COSCO SHIPPING Holdings Co LtdCOSCO SHIPPING Bulk will charter the vessels on long-term operating lease, but COSCO SHIPPING Holdings is not directly involved in the order.
Xiangyu Shipbuilding (南通象屿海洋装备股份有限公司) is contracted to build 5 of the 15 bulk carriers for 2.64 billion yuan.