NYK to charter group’s first methanol-fueled bulk carrier
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COSCO Shipping Development orders 42 bulk carriers
NewsCOSCO Shipping Development signed a deal for 42 bulk carriers, its largest since becoming a shipping and finance operator, valued at US$ 2 billion.
COSCO Shipping Development has signed an investment, construction and leasing agreement for 42 bulk carriers.
According to COSCO Shipping Development, the agreement marks the largest shipbuilding and leasing transaction since the company transformed into a shipping industry and finance operator in 2016.
The company will entrust a subsidiary of COSCO Shipping Heavy Industry to invest in the construction of 20 bulk carriers and CSSC Chengxi to invest in the construction of 22 bulk carriers, including five 64,000 dwt vessels, two 82,000 dwt vessels and 35 80,000 dwt vessels, with a total order value of more than RMB14.3 billion (US$2 billion).
The ships will be delivered in succession from 2026 to 2027 and will be leased to COSCO Shipping Bulk for the long term.
COSCO added that “the ships are energy-saving and environmentally friendly green ships, some of which are methanol-ready environmentally friendly bulk carriers.”
The company currently owns more than 140 ships and has layouts in multiple sub-sectors such as container ships, bulk carriers, and multi-purpose pulp ships.
In July, COSCO Shipping Specialized Carriers added its seventh 77,000 dwt multipurpose wood pulp carrier to its fleet of over 30 such vessels.