COSCO Shipyards Win $300 Million in New Orders

COSCO-owned shipyards won $300 million in newbuild orders today from European and Asian shipowners to build one accommodation barge and seven bulk carriers.

The orders are detailed as follows:

COSCO (Zhoushan) Shipyard Co., Ltd

  • European shipowner: one (1) DP3 accommodation barge scheduled for delivery in 3Q2016
  • Asian shipowner: two (2) 64,000DWT bulk carriers scheduled for delivery in 1H2016.

Additionally, the contract under the second option cited in the announcement dated 12 September 2013 to build one (1) 64,000DWT dry bulk carrier for a European company has been rendered effective. The bulk carrier is scheduled for delivery in 2Q2017.

COSCO (Dalian) Shipyard Co., Ltd

  • Asian shipowner: two (2) 82,000DWT bulk carriers scheduled for delivery in 4Q2015 and 1Q2016 respectively
  • European shipowner: two (2) 82,000DWT bulk carriers scheduled for delivery in 2Q2016 and 3Q2016 respectively