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Fri, Jun

COSCO Signs $310 Million Deal To Lease Six New Heavylift Ships To Fleet

COSCO Signs $310 Million Deal To Lease Six New Heavylift Ships To Fleet

Marine Insight
COSCO Signs $310 Million Deal To Lease Six New Heavylift Ships To Fleet
Heavylift Ship
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COSCO Shipping Specialized Carriers has signed a $310 million bareboat charter agreement to lease six new multipurpose heavylift ships.

The vessels, each with a capacity of 60,000 deadweight tonnes (dwt), will be built at Chengxi Shipyard in China, which is affiliated with China State Shipbuilding Corporation (CSSC).

The agreement is with Bank of Communications Financial Leasing (BoComm Leasing), a leading Chinese leasing firm and subsidiary of Bank of Communications.

COSCO Shipping Specialized Carriers, listed in Shanghai and part of the larger China COSCO Shipping Group, will lease the vessels for 189 to 195 months, about 16 years. The charter will cost around $19.4 million annually, adding up to a total of approximately $310.6 million.

According to the company, the first four ships will be chartered at a daily rate of CNY63,500 (around $8,843), while the final two ships will have a slightly higher rate of CNY63,800 (about $8,885) per day. This

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