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Cosco adds another $1.7bn to fleet expansion with bulkers and VLCC orders

  • State giant has unveiled a $1.7bn shipbuilding plan, covering nearly two dozen bulkers and six VLCCs
  • The orders, placed through Cosco Shipping Development, will go to two Chinese yards, with deliveries slated for 2027–2028
  • Including earlier multipurpose and containership deals, Cosco’s 2025 newbuilding spend now totals at least $7.5 bn, underscoring its ongoing fleet expansion push

Chinese shipyards are set to benefit as Cosco Shipping continues its newbuild binge

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