Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.
In February this year, Cosco Shipping Bulk signed ship design contract with Shanghai Merchant Ship Design & Research Institute (SDARI) for the development of 210,000 dwt bulk carriers. The vessels will meet the latest requirements on emission control and energy saving with fuel consumption of 45.3 tonnes per day.
The bulk carriers will be deployed for bauxite transportation for Aluminum Corporation of China (Chalco). Chalco launched its first overseas bauxite project in Boffa, Guinea last year. The project will see an annual bauxite output of 12m tonnes in the first phase.
Cosco Shipping Bulk, headquartered in Guangzhou, was established in 2016 and operates a fleet of over 400 bulk carriers.