OOCL is pleased to announce that we have signed newbuilding contracts with shipyards NACKS and DACKS for five new container vessels, each at a cost of $155.68 million with a nominal capacity of 23000 TEU, and we expect to begin taking delivery of these vessels in the year 2023.
Damen Marine Components has completed the supply of nine Van der Velden ATLANTIC rudders to COSCO Guangdong Shipyard over a two-and-a-half-year period.
Since COSCO first specified a water-lubricated propeller shaft arrangement for two 5000-unit PCTC in 2007, more and more shipowners and shipbuilders in China are rejecting oil lubricated propeller shaft and greased rudder bearing systems.
COSCO is to introduce a new weekly call at DP World Southampton, as part of a rotation including St Petersburg, Russia; Kotka, Finland; Southampton, UK; and Rotterdam, Netherlands.
On Sunday a joint statement was issued by OOIL and Cosco and Shanghai International Port Group for the latter pair to acquire all of OOIL shares at an offer price of HKD 78.67 (USD 10.07) per share.
On 2nd May, the Panama Canal welcomed the largest vessel both in dimension and capacity to transit the Expanded Canal since it was inaugurated in June 2016.
SC Ports Authority the desired position as last port of call when the biggest ship ever to call the US East Coast, the COSCO Development, arrives in May.
The M/V Xin Guang Hua is the largest of the COSCO semi-submersible fleet and second largest semi-submersible vessel in the world.
The company’s name change from COSCO Container Lines Co., Ltd. to COSCO Shipping Lines Co., Ltd.