Cosco Shipping, a listed subsidiary of China Cosco Shipping Group (Coscocs), has announced that it plans to order three 36,000dwt ice-class multi-purpose vessels by modifying orders at CSSC-affiliated Shanghai Shipyard.
Cosco Shipping has signed two letter of intents with Shanghai Shipyard. Under the LOIs, Cosco Shipping will change two out of six 28,000dwt heavy lift vessels it ordered at Shanghai Shipyard to two 36,000dwt ice-class multi-purpose vessels, while it will change one 28,000dwt heavy lift vessel it agreed to purchase from a subsidiary of CSSC Shipping (Hong Kong) and Shanghai Shipyard to one 36,000dwt ice-class multi-purpose vessel.
The price for each vessel is RMB242m ($36.37m) and delivery is expected to start in October 2017.
Cosco Shipping said the vessels were part of its fleet expansion plan in 2016 and they would greatly enhance the capability of the special purpose vessel fleet of the company.
