https://splash247.com/cosco-signs-for-10-kamsarmax-newbuilds/

COSCO Shipping, the Chinese state-owned maritime conglomerate, is moving forward with its significant expansion in the dry bulk sector. The company has solidified a strategic partnership with Everbright Financial Leasing to commission 10 kamsarmax-class vessels. These ships, each with a deadweight tonnage of 82,000, will be constructed at Jiangsu Hantong Ship Heavy Industry.

The vessels are set to be leased to COSCO Shipping Bulk, a subsidiary specializing in dry bulk operations. While the financial terms and expected delivery schedules remain undisclosed, this initiative underscores COSCO's commitment to bolstering its fleet capacity and competitiveness in the global dry bulk market.The move aligns with COSCO Shipping's broader strategy to strengthen its position in international trade, leveraging state-of-the-art vessel designs and financial collaborations.