COSCO planning for 120 newbuilds

Chamber of Shipping > Blog > News > International > COSCO planning for 120 newbuilds

According to TradeWinds, China’s COSCO Shipping Corporation (COSCO Shipping) is planning to build up to 120 new ships worth more than $4.5 billion. Shipbuilding brokers note that the number of ships to be ordered for each ship type has not yet been finalized. However, it has been suggested that COSCO Shipping is considering building 20 Newcastlemax bulk carriers, 40 Kamsarmax bulk carriers and 30 80,000 dwt multi-purpose pulp carriers as well as several VLOCs and bitumen tankers. The ships will be ordered by subsidiaries of COSCO Shipping such as COSCO Shipping Bulk and COSCO Shipping Specialized Carriers.

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