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Dry Bulk Shipbuilding Sustainability

Cosco Shipping Development orders $1.2bn dry bulk fleet in leasing push

  • Cosco Shipping Development has ordered 24 dry bulk newbuildings worth $1.2bn, which are 20 87,000 dwt multipurpose grain carriers and four 210,000 dwt bulkers
  • The vessels have secured 20-year charter agreements with Huifeng Co, supporting CSD’s long-term leasing revenue, while advancing Cosco’s green shipping and yuan-denominated build-lease-operate strategy

  • News

The Chinese state-backed lessor lines up 20-year charters for 24 dry bulk newbuildings as it deepens its push into green, long-term vessel leasing in the dry bulk sector

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