Cosco unit to finance 10 pulp carriers for sister company
Among the 10 newbuilds, eight will be ordered at Cosco Shipping Heavy Industry (Dalian), while the other two are already under construction at the same yard
Vessels were originally ordered by Cosco Shipping Specialized as part of its fleet expansion plan backed by long-term COAs. It will now charter the tonnage from Cosco Shipping Development upon delivery under an operating lease arrangement for 15 years