- Cosco Shipping Specialised Carriers is expanding its presence in the asphalt and bitumen carrier segment with an order for four newbuildings.
- The Chinese company has struck a deal with compatriot Fujian Mawei Shipbuilding for a quartet of 9,000-dwt
Cosco Shipping Specialized Carriers is expanding fleet with four new 9,000 dwt liquid cargo carriers, reports Seatrade Maritime News.
The company will construct the four vessels at Mawei Shipyard in Fujian province at a total cost of around $98m, which are scheduled to be delivered during October 2025 and August 2026.
Cosco Shipping expands fleet
In recent years, asphalt carriers built before 2005 have been driven out of the core market due to the improvement on oil company standards and global green and low-carbon requirements.
“There are only twenty-one 7,000-9,000 dwt vessels less than 10 years in the market, accounting for just about 7%,” Cosco Shipping Specialized Carriers said. “The asphalt transportation market is now facing the situation of overall aging and capacity shortage especially in the high-end market, and the long-distance transport capacity supply also falls short of demands.”
To grab the current advantageous market, Cosco Shipping Specialized Carriers has decided to build the four new vessels to further optimize asphalt fleet.
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Source: Seatrade Maritime News
