Cosco newcastlemax orders hit sixteen with  three confirmed at Tianjin Xingang Shipbuilding

Cosco newcastlemax orders hit sixteen with three confirmed at Tianjin Xingang Shipbuilding

Cosco Shipping Bulk has signed shipbuilding contract with CSIC-affiliated Tianjin Xingang Shipbuilding Industry for the construction of three 210,000 dwt newcastlemax bulk carriers.

The order is part of Cosco’s first batch of 16 newcastlemax newbuildings to be used for bauxite transportation under a deal with Aluminum Corporation of China (Chalco). Cosco has made plans to order up to 30 newcastlemaxes for the project.

In the past week, Cosco ordered 10 newcastlemaxes at Cosco Shipping Heavy Industry and another three newcastlemaxes at Beihai Shipbuilding.

Delivery of the new vessels will start from 2021.

Cosco Shipping Bulk owns one of the largest bulker fleet in the world, with around 270 vessels with total capacity of nearly 33m dwt. It also has 28 newbuildings under construction at domestic yards.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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