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HomeMaritime NewsRegionsAsiaCoscol exercises options for two heavy lift vessels

Coscol exercises options for two heavy lift vessels

Coscol exercises options for two heavy lift vessels
State-owned Cosco Shipping Limited (Coscol) has exercised options for two 28,000 dwt heavy lift vessels at Shanghai Hudong-Zhonghua Shipbuilding.

The newbuildings are scheduled to be delivered in April and August of 2018.

The declared options are on top of the four 28,000 dwt heavy lift vessels that Coscol confirmed at Hudong-Zhonghua and Shanghai Shipyard in January at a price of RMB290m ($46.4m) each.

In January, Coscol raised RMB2.5bn through a private placement so as to finance newbuildings as well as to pay off debts and boost working capital.

TAGS: Shipyards heavy lift
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