Sponsored By

Cosco yard aborts bulker newbuild contract, inks order for two tankers

Cosco Corporation (Singapore) Limited has cancelled a shipbuilding contract for one 82,000-dwt bulker at the shipowner’s request, and inked new orders for a pair of oil tankers for the same owner.

Lee Hong Liang, Asia Correspondent

November 19, 2015

1 Min Read
Kalyakan - stock.adobe.com

The subsidiary yard Cosco Dalian entered into the cancellation agreement for the 82,000-dwt bulk carrier, which was originally scheduled for delivery in the third quarter of 2016.

Back in July 2014, the European shipowner booked two of the bulker carriers at the Chinese shipyard, and the remaining unit will continue to be built with delivery expected in the second quarter of next year.

Meanwhile, Singapore-listed Cosco Corp also announced that the Dalian yard and the shipowner have entered into a new contract to construct a pair of 113,000 dwt oil tankers.

The delivery dates for the newbuildings are slated in the fourth quarter of 2017 and the first quarter of 2018 respectively. “Cosco Dalian and the shipowner have agreed to keep the contract price confidential,” Cosco Corp said.

Read more about:

dry bulk shipping

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like