COSCO Shipping orders third Pulp Carrier at Dalian

Posted by Daily Shipping Times on 21-12-2017        Tweet

BEIJING: COSCO Shipping Specialised Carriers has exercised an option to order a third 62,000 dwt pulp carrier from China’s Cosco Dalian Shipyard.

In late August 2017, the company ordered two pulp carriers at the Chinese yard, with an option for one more. The previous two vessels were ordered at a price od CNY 222 million (USD 33.6 million) a piece, the shipping firm informed in a stock exchange release.

The first carrier from the batch is scheduled to be handed over to the company in January 2019, while the other two ships would be delivered later that year. The units will feature a length of 201.8 meters, a width of 32.2 meters, and will be able to reach a speed of 13.5 knots.

The order was made on the back of a contract of affreightment (COA) signed with Brazil’s pulp and paper company Suzano Papel e Celulose in March 2017.

Under the five-year contract, Cosco Shipping Specialised Carriers would deploy the new ships to carry Brazilian cargo to the Far East.

A total of 300,000 tonnes of paper pulp are expected to be transported on an annual basis, starting from the first quarter of 2019.