China: COSCO Announces Deliveries of Newbuild Bulk Carriers

The Board of Directors of COSCO Corporation (Singapore) Limited announced that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries:

1. COSCO (Zhoushan) Shipyard Co., Ltd has delivered two bulk carriers of 57000 DWT, “OBSERVATOR” and “VOYAGER”, respectively to its European buyers.

2. COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, “GUOTOU 106”, to its Chinese buyer.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyers recently. The bulk carriers of 57000 DWT measure 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

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Source: COSCO, September 13, 2012