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Cosco Shipping Bulk adds three Newcastlemax bulker newbuilds at CSIC

Following the newbuilding contract for ten Newcastlemax bulkers signed earlier this month, Cosco Shipping Bulk ordered three more from CSIC Qingdao Beihai Shipbuilding Heavy Industry.

Cosco Shipping Bulk and CSIC Qingdao Beihai Shipbuilding Heavy Industry signed the contract on Thursday for the construction of three 210,000 dwt Newcastlemax bulk carriers.

The additional order is part of the bulk carrier fleet expansion plans of the company. Cosco Shipping Bulk is looking to build up to 30 Newcastlemax bulk carriers at domestic shipyards to support Aluminum Corporation of China’s bauxite project in Guinea.

Cosco Shipping Bulk inked a bauxite transportation contract with the Aluminum Corporation of China (Hong Kong) in 2018 and started to build the ships for the deal this year.

The first ten vessels have been ordered from Cosco Shipping Heavy Industry.

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