COSCO Delivery Growth (Hainan), a wholly-owned subsidiary of COSCO Delivery Growth, has entered into shipbuilding contracts with COSCO Delivery Heavy Trade (Dalian) to assemble 23 new 87,000 DWT methanol-ready bulk cargo vessels. The combination contract worth for the newbuilds is roughly CNY7.337 billion ($1.032 billion), unique of tax.
The board of administrators introduced that the shipbuilding contracts have been signed on October 30, 2025. On the identical date, COSCO Delivery Growth (Hainan) additionally entered right into a long-term leasing settlement with COSCO Delivery Bulk to constitution all 23 of the brand new vessels upon their supply.
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