China COSCO’s fleet upgrade program continues today with an order for ten more bulk carriers including six of 81,600 dwt and four of 208,000 dwt. The orders were placed at CSSC’s Chengxi Shipyard and Waigaoqiao Shipbuilding for a total consideration of US$188.88 million and USD $231.6 million, respectively.
The orders were made via COSCO’s wholly-owned investment vehicle Prosperity Investment and follows a similar order for 10 ships placed by Prosperity in July.
Deliveries of the vessels are planned between 2016 and 2017.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,923 members that receive our newsletter.
Have a news tip? Let us know.
The US Navy keeps falling short in shipbuilding, with costs too high and deliveries too slow, the service’s acting acquisition chief said in written testimony submitted for a House hearing on Tuesday.
Greenland residents vote on Tuesday in a closely watched election brought into the international spotlight by a pledge from U.S. President Donald Trump to take control of the mineral-rich island.
Canada has awarded contracts to two shipyards for the construction of new polar icebreakers, part of a strategic move to enhance its Arctic capabilities. Quebec-based Davie Shipbuilding on Saturday announced...
Maritime and offshore news trusted by our 108,923 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
