Cosco Shipping Specialized Carriers agrees charter contracts for 12 pulp carrier newbuildings


Cosco Shipping Specialized Carriers has signed financial leasing contracts with three major Chinese banks for 12 multi-purpose vessels.

Specifically, it has inked two operating lease contracts for five 70,000 dwt pulp carriers with Bank of Communications Financial Leasing and China Merchants Bank Financial Leasing, respectively, and another contract with Shanghai Pudong Development Bank Financial Leasing for another two 70,000 dwt pulp carriers.

All twelve vessels, constructed by Cosco Shipping Heavy Industry (Dalian), will be operated under 15-year chartering contracts.