COSCO Shipping Development: plans to build six 210,000-ton bulk carriers with a total transaction amount of RMB 3.168 billion

COSCO Shipping Development: plans to build six 210,000-ton bulk carriers with a total transaction amount of RMB 3.168 billion

COSCO Shipping Development Co Ltd, listed as 601866, has announced its plans to commission the construction of six bulk carriers, each with a capacity of 210,000 tons. The total transaction amount for this project is expected to be RMB 3.168 billion. This move is part of the company's ongoing strategy to expand its fleet and meet growing demand for specialized shipping services.

The company has stated that it will engage in multiple leasing deals to expand its fleet, including car carriers, multipurpose ships, and heavylift vessels. This is in response to increased demand for transporting wind power products, port machinery, and other specialized cargo. The deal with CSSC-affiliated Chengxi Shipyard is one of several such agreements, with COSCO Specialized Carriers set to bring in six multipurpose heavylift vessels worth approximately $310 million over a 16-year period [2].

The bulk carrier project is part of COSCO Shipping Group's broader efforts to strengthen its presence in the global shipping market. The company has also been involved in significant deals, such as the potential acquisition of CK Hutchison's global ports business. If successful, this acquisition would give COSCO control over one of the world's largest port networks, spanning about 27 countries. However, the deal faces regulatory challenges, with US regulators and authorities in roughly 50 countries needing to approve the transaction [3].

COSCO Shipping's strategic expansion is not without its risks, as global supply chains face increasing scrutiny and regulatory hurdles. The company's ability to navigate these challenges will be crucial in determining the success of its growth plans. As the shipping industry continues to evolve, COSCO's investments in new vessels and strategic acquisitions will be closely watched by investors and financial professionals alike.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TQ125:0-cosco-shipping-development-plans-shipbuilding-deal/
[2] https://megaproject.com/news/portandship/cosco-shipping-specialized-carriers-seals-310m-deal-for-six-heavylift-ships
[3] https://finimize.com/content/ck-hutchison-plans-major-ports-sale-to-cosco-backed-group