China-based ship building and repairing firm Shanghai Shipyard has delivered the tenth and final bulk cargo vessel, the Josefa, to Cuba under an order secured in 2009.
Similar to the other nine delivered bulk carriers, Josefa is a 35,000-tonne handymax vessel with modern equipment.
In September 2009, Cuba-based firm Empresa Importadora General del Transporte (EIGT), on behalf of Grupo Acemex, along with China National Machinery Import & Export (CMC), ordered Shanghai Shipyard to construct ten handymax vessels under a three-year project, which got extended by one year.
Although the financial details of the deal were not disclosed, the order for the ten vessels is thought to be around $250m.
The shipyard delivered the first ship in the order, the Abdala, in August 2011.
The addition of ten cargo ships will allow Cuba to trade with countries such as Iran, Ecuador and Angola.
Shanghai Shipyard executive board president Gu Tiquan said the vessels are the result of ‘the close ties of friendship and cooperation between Cuba and China’
According to Cuban ambassador to China Alberto Blanco, the construction of the ships will boost the economic and trade relations between the countries and help Cuba improve its merchant fleet.
The purchase of all the vessels was financed by China’s Eximbank.
Image: All ten vessels delivered by Shanghai Shipyard are handymax bulk carriers. Photo courtesy of Mikhail.Chizhevsky.