Coscocs confirms ten VLOCs at Waigaoqiao Shipbuilding

Coscocs confirms ten VLOCs at Waigaoqiao Shipbuilding

Coscocs, the new shipping conglomerate in China merged by Cosco Group and China Shipping Group, has signed shipbuilding contracts yesterday with China State Shipbuilding Corporation (CSSC) for the construction of ten 400,000dwt VLOCs.

Under the contract, Coscocs’ ore shipping arm China Ore Shipping, will order the ten vessels at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding.

The new order follows a 27-year COA deal signed by Coscocs and Vale on March 18.

As originally reported on Splash, three Chinese state-backed firms Coscocs, CMES and ICBC Leasing have ordered 30 VLOCs in total this year to further cement their hold on Brazil-China iron ore trades.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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