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 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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