Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cosco Shipyard makes tanker debut

Cosco Shipyard makes tanker debut

Shanghai: Cosco Shipyard Group (CSG) has secured its first tanker newbuilding contracts as well as announcing a series of tanker to bulker conversions in deals worth $422m.
CSG will construct two shuttle tankers for unnamed Norwegian shipowning interests at its subsidiary Cosco Nantong Shipyard.
The tankers are costing $171.6m in total and are due for delivery in 2010 and 2011. The deal includes options for two identical ships.
The company has also confirmed 18 conversion contracts worth $250m, fifteen of which involve tanker to bulker conversions.
Eight of the contracts, worth $101.4m, involve tanker to bulker conversions, another five, worth $57.5m, will see tankers converted into ore carriers.  [24/01/08]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.