COSCO Shipping Specialized Carriers Orders Four Asphalt Transport Vessels

$98 million, with each vessel costing approximately $24.5 million. The new ships are scheduled for delivery between October 2025 and August 2026, reinforcing COSCO's commitment to enhancing its specialized cargo services within a well-defined timeline. COSCO Shipping has indicated that the internal rate of return (IRR) for this project is projected to be around 7.2%. Furthermore, the anticipated investment payback period stands at 11.8 years, highlighting a sound financial strategy and a focus on long-term returns.This strategic initiative reflects COSCO’s dedication to strengthening its position in the specialized shipping sector. The addition of these advanced vessels is expected to enhance the company’s operational efficiency and market competitiveness, ensuring sustained growth and an expanded service offering in the asphalt transportation industry.