China: COSCO Dalian Hands Over New Bulk Carrier COMMON FAITH

The Board of Directors of COSCO Corporation Limited announced that COSCO (Dalian) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, “COMMON FAITH”, to its European buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer on 28 March 2012.

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

COSCO (Da Lian) Shipyard is the largest shipyard in COSCO Shipyard Group so far. By the existing facilities, COSCO (Da Lian) Shipyard can undertake more than 200 large-size ocean vessels’ repair and conversion annually and become the main base for ship repair, conversion and off shore marine engineering manufacture in North-East Asia. It has one world‘s biggest DWT 300,000 floating dock, one DWT 180,000 dock, one DWT 80,000 dock and nine repair berths including DWT 300,000 wharf and 10,000t slipway. Its land area totaling 1,200,000 m2 is well equipped and serves as an ideal place for the repair and conversion of large bulk carrier, container carrier and VLCC.

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Source: COSCO, March 29, 2012