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.
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.