Cosco orders 42 new bulkers

Cosco has ordered 42 new bulk carriers valued at over RMB 14.3bn (US$2bn), with deliveries set for 2026-2027. This is the company’s largest shipbuilding and leasing deal since its transformation in 2016.

The vessels will be built by Cosco Shipping Heavy Industry and CSSC Chengxi, including five 64,000-tonne, two 82,000-tonne, and thirty-five 80,000-tonne ships.

These bulkers, featuring eco-friendly designs, with some methanol-ready, will be leased to Cosco Shipping Bulk. Cosco’s fleet, which already includes over 140 ships, recently expanded with new container vessels.

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