High Shipping Costs Are Here to Stay Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
COSCO Corporation (Singapore) Limited announced today that their subsidiaries, COSCO Shipyard Group Co., have delivered three bulk carriers to Asian buyers including two bulk carriers of 57,000 DWT, “Wuxing 5” and “APJ SHIRIN”, and the 92,500 DWT bulk carrier, “OCEAN SAPPHIRE”. The ships were built by Guangdong and Dalian Shipyards respectively.
All the delivery documents were signed by and between the COSCO shipyards and the respective buyer in May 2012.
The “Wuxing 5” and “APJ SHIRIN” measure 189.99 meters in LOA, 32.26 meters in breadth, and 18 meters in depth.
The “OCEAN SAPPHIRE” measures 229.2 meters in LOA (length of all), 38 meters in breadth and 20.7 meters in depth.
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