COSCO Orders Ten Bulkers

Prosperity Investment, a wholly-owned subsidiary of China COSCO, has placed an order for eight new bulk carriers at China Shipbuilding Trading and Chengxi Shipyard. In addition, COSCO has placed another order with Shanhaiguan Shipbuilding for two bulk carriers.

The combined budget for all ten newbuilds is approximately $263m.

China Shipbuilding Trading and Chengxi Shipyard will build four 38,800 dwt bulk carriers, and four carriers with the 63,800 dwt capacity respectively.

The capacity of the vessels built at the Shanhaiguan Shipbuilding will be 38,500 dwt.

Chengxi Shipyard plans to deliver the vessels throughout 2016 and 2017, while the Shanhaiguan Shipbuilding is expecting to deliver its two vessels in 2016.

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World maritime News Staff, July 11th, 2014