COSCO Zhoushan to Build Two Panamax Bulkers

By George Backwell
Thursday, August 14, 2014
Bulk carrier anon: File photo

COSCO Corporation (Singapore) says that its subsidiary COSCO (Zhoushan) Shipyard has secured a contract valued over USD56 million from an Asian buyer to build two 64,000 dwt bulk carriers.

The two vessels are scheduled for delivery in 4Q2016 and 1Q2017 respectively.

COSCO adds that barring any unforeseen circumstances, the contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014.
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ConocoPhillips Weighs Sale of North Sea Assets in Norway

ConocoPhillips Inc is weighing sale of some of its North Sea assets in Norway which may fetch as much as $1 billion, Bloomberg reported, citing sources familiar with the matter.

FMC Chairman Addresses PEMA Ports Program

U.S. Federal Maritime Commission (FMC) Chairman Mario Cordero addressed the Professional Environmental Management Association (PEMA) at its Annual Ports Program held in Seal Beach, California.

Gulf Oil Spill Restoration Projects Proposed

Deepwater Horizon trustees announce agreement in principle for 10 Gulf early restoration projects   The trustees and BP have identified approximately $134 million

Contracts

Huisman Opens Production Facility in Brazil

Huisman officially opened its new production facility in Navegantes, Santa Catarina state, in the south of Brazil on Thursday, April 16. The facility is used for

MacArtney Connectivity for Navy Bow Sonar Systems

MacArtney delivers connectivity for Thales FREMM frigate bow sonar systems    MacArtney Underwater Technology supplied SubConn underwater connectivity solutions

Eastern Delivers 60th Towboat to Florida Marine

Eastern Shipbuilding Group, Inc. delivered the M/V Bill Seymour (Hull 190), the 60th 90’ Inland Towboat to Florida Marine Transporters, Inc. of Mandeville, La.,

Shipbuilding

Oil Majors Push Offshore Players for 30% Cuts

Smart players leverage low debt, adjust work schedules, seek spot gigs and new markets 30%That’s the minimum level of capital expenditure cuts facing owners and operators of offshore rigs,

Edda & its Five Star Offshore Accommodations

Petter Sundet, Captain of Edda Fortis, discusses with Maritime Reporter & Engineering News the evolution of top-notch accommodation in the offshore environment.

ABB Improves Efficiency of World’s Largest Ships

ABB Turbocharging helps improve engine performance on record- breaking containerships   ABB has designed turbochargers powering the largest ships in the world.

Bulk Carrier Trends

Response to Grounded Bulker Ongoing

UPDATE: U.S. Coast Guard responding to vessel aground in St. Lawrence Seaway   The U.S. Coast Guard reports it is continuing its response Tuesday to a 621-foot

Baltic Index Rises as Demand for Large Vessels Increases

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday primarily because of higher rates for the large vessel segments.

First Ocean Vessel of 2015 Arrives at Port of Indiana

Northwest Indiana celebrates opening of gateway to global markets   The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1412 sec (7 req/sec)