- Al dhafra awarded a nine month contract to CSSC
- Although CSSC’s MPVs can carry containers, the company doesn’t own any
- The project is expected to be complete by this year
Cosco Shipping Specialised Carriers (CSSC) are given a nine month contact to ship the photovoltaic modules, transformers and other related cargo in containers by Al dhafra PV2, the worlds largest single site photovoltaic plant, reports The Loadstar.
The deal
The Al Dhafra PV2 solar project in Abu Dhabi, the world’s largest single-site photovoltaic plant, has awarded Cosco Shipping Specialised Carriers (CSSC) a nine-month contract to ship photovoltaic modules, transformers and related cargo in containers.
The Al Dhafra project
The Al Dhafra project, owned by EDF Renouvelables, Jinko Power, Abu Dhabi Future Energy and Abu Dhabi National Energy, is expected to be completed this year and will supply electricity to Emirates Water and Electricity over 30 years.
About CSSE
CSSC is China Cosco’s breakbulk and multipurpose vessel operating arm, and although its MPVs can carry containers, the company does not own any and will rent 3,000 from freight forwarding affiliate Shenzhen Yi Haitong Global Supply Chain Management for 270 days at a cost of $10.53m.
Other contracts
Separately, the firm has signed a two-year $53m contract of affreightment (COA) with Yihaitong for two to three 550-750 teu shipments from China to Brazil. In total, 36,600 teu of goods are expected to be carried.
The cargo trade and rates
The Chinese carrier said the COA was a response to the government’s call to stabilise foreign trade amid runaway container freight rates.
CSSC added: “Due to the current situation of the container transport market, Chinese enterprises have encountered serious logistical problems with exports.”
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Source: The LoadStar
