China Cosco Shipping Orders Up to 10 Newcastlemax Units

Image Courtesy: Cosco Shipping Heavy Industry

China Cosco Shipping has signed an agreement for the construction of up to ten bulk carriers with China’s Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.

The contract, signed on April 17, includes eight firm and two option units, according to the shipbuilder.

The 210,000 dwt Newcastlemax bulkers were ordered on the back of a ship design deal signed with Shanghai Merchant Ship Design & Research Institute (SDARI) in February 2019.

To be built according to the latest emission control requirements, the ships would transport bauxite for Aluminum Corporation of China (Chalco) from Boffa, Guinea to China.

World Maritime News Staff; Image Courtesy: Cosco Shipping Heavy Industry