China: COSCO (Zhoushan) Shipyard Delivers Bulk Carrier PORT HAINAN

COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57.000 DWT, “PORT HAINAN”, to its Asian buyer.

The delivery documents for the vessel were signed by and between COSCO Zhoushan and the buyer on 22 February 2012.

The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

COSCO (ZhouShan) Shipyard is close to the international sea route and navigation hub clusters in Asia, and it is a newly built shipyard with one DWT 150,000 dock and four piers in service. Importantly, COSCO (ZhouShan) Shipyard is building a very large ship repairing, building and conversion base composing of three docks ranging from DWT 80,000 to DWT 300,000 ( dock capacity: nearly DWT 1,110,000), three piers, 4,500m coastline and 2,000,000 m2 land area.

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Shipbuilding Tribune Staff, February 24, 2012; Images: cosco-shipyard