COSCO Shipping Specialized Carriers to invest up to 2.624 billion yuan in eight 60,000-tonne multipurpose heavy-lift vessels

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COSCO Shipping Specialized Carriers announced that, through its wholly owned subsidiary COSCO Shipping Hong Kong Investment Development Company Limited or an affiliated company, it has commissioned Dalian COSCO Shipping Heavy Industry Company Limited, a subsidiary of COSCO Shipping Heavy Industry Company Limited, to build eight 60,000-tonne multipurpose heavy-lift vessels, with a total vessel price not exceeding 2.624 billion yuan excluding tax. The company said the transaction will further develop and optimise the capacity of its multipurpose heavy-lift fleet, better promote the healthy development of the fleet structure, and provide quality services to customers. Based on calculations, the project has an internal rate of return of about 6.64 percent and a static payback period of 12.51 years, offering sound economic benefits.

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COSCO SHIPPING Heavy Industry Co., Ltd.i
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Its subsidiary Dalian COSCO Shipping Heavy Industry wins the order to build eight 60,000-tonne multipurpose heavy-lift vessels.