Cosco secures $300m contracts to build accommodation barge and bulk carriers

22 July 2014 (Last Updated July 22nd, 2014 18:30)

Cosco has announced that its subsidiaries have won contracts worth $300m to build one accommodation barge and seven bulk carriers for different clients.

Cosco has announced that its subsidiaries have won contracts worth $300m to build one accommodation barge and seven bulk carriers for different clients.

A European client has ordered Cosco (Zhoushan) Shipyard to build one DP3 accommodation barge, while an Asian company has awarded a contract to build two 64,000dwt bulk carriers.

The company plans to deliver the accommodation barge in the third quarter of 2016 and bulk carriers in the first half of the same year.

"The company plans to deliver the accommodation barge in the third quarter of 2016 and bulk carriers in the first half of the same year."

In addition, an unnamed European company has exercised its second option with the shipyard to build one 64,000dwt dry bulk carrier, which is scheduled for delivery in the second quarter of 2017.

Cosco (Zhoushan) Shipyard originally secured the contract in September 2013 for four dry bulk carriers of 64,000dwt each, with options for two additional dry bulk carriers.

Additionally, Cosco (Dalian) Shipyard has won a contract from an Asian client to build two 82,000dwt bulk carriers.

Delivery of the first vessel is scheduled for the fourth quarter of 2015, while the second vessel will be handed over in the first quarter of 2016.

The shipyard has also bagged another contract from a European customer to build 82,000dwt bulk carriers, which are expected to be delivered in the second and third quarters of 2016, respectively.

In a separate development, Cosco (Guangdong) Shipyard has delivered a 4,500m² livestock carrier, Girolando Express, to its European buyer.

The vessel measures 134.8m in length, 19.6m in breadth and 9.6m in depth.