China: COSCO Shipyard Group Hands Over Three 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 (Guangdong) Shipyard Co., Ltd has delivered two bulk carriers of 57000 DWT, “Wuxing 5” and “APJ SHIRIN”, respectively to its Asian buyers.

2. COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 92500 DWT, “OCEAN SAPPHIRE”, to its Asian buyer.

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

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.

The bulk carrier of 92500 DWT measures 229.2 meters in LOA (length of all), 38 meters in breadth and 20.7 meters in depth.

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Source: COSCO, May 22, 2012;