COSCO SHIPPING DEVELOPMENT, through its wholly owned subsidiary Hainan COSCO SHIPPING DEVELOPMENT Shipping Co., Ltd., has commissioned COSCO SHIPPING HEAVY INDUSTRY (DALIAN) CO.,LTD to build 15 bulk carriers of 87,000 DWT each. The total contract value is RMB 4.785 billion, with a unit price of RMB 319 million per vessel, excluding taxes. The vessels
are multipurpose grain carriers with conventional fuel type, scheduled for delivery between June 2029 and December 2030. The payment will be made in five installments, with the majority paid upon delivery. The ships will be leased long-term to COSCO SHIPPING Bulk Shipping's subsidiary WAI FUNG SHIPPING LIMITED for approximately 20 years. This transaction is an affiliated deal pending shareholder approval and aims to enhance the company's fleet size and leasing business. COSCO SHIPPING HEAVY INDUSTRY (DALIAN) CO.,LTD is a subsidiary of COSCO SHIPPING Group, ensuring familiarity with the company's requirements. This order supports COSCO SHIPPING DEVELOPMENT's strategy to strengthen its shipping asset base and financial stability.
Premium Data
Explore the data behind COSCO SHIPPING DEVELOPMENT
Create a free account for vessel specs, company profiles, and 12,000+ orderbook entries. Join 500+ maritime professionals.
Company profiles
Vessel specs & IMO
Global orderbook