COSCO Hands Over Three Bulk Carriers to Its Asian Buyers

COSCO Corporation (Singapore), its subsidiary COSCO Shipyard Group Co., has completed delivery of three newbuild Bulk Carriers to its Asian buyers.

The first two bulk carriers of 57.000 DWT, “Wuxing 5” and “APJ SHIRIN” were delivered from the company’s COSCO (Guangdong) Shipyard. The third bulk carrier of 92.500 DWT, “OCEAN SAPPHIRE”, was delivered from the company’s COSCO (Dalian) Shipyard.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyer in May 2012.

The bulk carriers of 57.000 DWT measure 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth while the bulk carrier of 92.500 DWT measures 229.2 meters in LOA (length of all), 38 meters in breadth and 20.7 meters in depth.

COSCO Corporation (Singapore) Limited has one of the largest Ship Repair, Ship Building and Offshore Marine Engineering operations in China. A diversified group with activities also in Dry Bulk Shipping, Shipping Agency and other sectors, it is the SGX Mainboard-listed subsidiary of China Ocean Shipping (Group) Company, China’s largest shipping group and one of the top shipping conglomerates in the world. COSCO Corporation has achieved significant progress in growing its Ship Repair, Ship Building and Offshore Marine Engineering capacity and capabilities. The completion of its acquisition of a 51% stake in one of the largest shipyards in China, COSCO Shipyard Group (“COSCO Shipyard”),on 1 January 2005 propelled COSCO Corporation into the premier league in the ship repair industry.

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Shipbuilding Tribune Staff, May 22, 2012; Image: cosco