Cosco Shipping Development to Commission 15 New 87,000-DWT Multipurpose Vessels in a 4.79 Billion Yuan Deal

Stock News06-30 21:26

Cosco Shipping Development Co.,Ltd. (ASX: 601866) has announced a significant newbuild order. The company plans to commission the construction of 15 multipurpose vessels, each with a capacity of 87,000 deadweight tons, specifically designed for grain transport.

The total value of the contract is approximately 4.785 billion yuan, exclusive of tax. The order will be placed by the company's indirectly wholly-owned subsidiary, Hainan Cosco Shipping Development Marine Co., Ltd., with Dalian Cosco Shipping Heavy Industry Co., Ltd., a subsidiary of Cosco Shipping Heavy Industry Co., Ltd.

Upon completion, these newly built vessels will be placed under a long-term operating lease with Huifeng Company, a subsidiary of Cosco Shipping Bulk Co., Ltd. The lease term for each vessel is set at 240 months from the delivery date, with a flexibility window of plus or minus 120 days.

The vessels are scheduled for delivery sequentially between mid-2029 and the end of 2030. Following potential fuel and power system upgrades, the expected annual rental income for each vessel after delivery is projected not to exceed 38.6061 million yuan, exclusive of tax.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1101287709?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-30 21:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1101287709","market":"sh","top_or_hot":-1,"title":"Cosco Shipping Development to Commission 15 New 87,000-DWT Multipurpose Vessels in a 4.79 Billion Yuan Deal","media":"Stock News","content":"<p><b>Cosco Shipping Development Co.,Ltd.</b> (<b>ASX: 601866</b>) has announced a significant newbuild order. The company plans to commission the construction of 15 multipurpose vessels, each with a capacity of 87,000 deadweight tons, specifically designed for grain transport.<br><br>The total value of the contract is approximately 4.785 billion yuan, exclusive of tax. The order will be placed by the company's indirectly wholly-owned subsidiary, Hainan Cosco Shipping Development Marine Co., Ltd., with Dalian Cosco Shipping Heavy Industry Co., Ltd., a subsidiary of Cosco Shipping Heavy Industry Co., Ltd.<br><br>Upon completion, these newly built vessels will be placed under a long-term operating lease with Huifeng Company, a subsidiary of Cosco Shipping Bulk Co., Ltd. The lease term for each vessel is set at 240 months from the delivery date, with a flexibility window of plus or minus 120 days.<br><br>The vessels are scheduled for delivery sequentially between mid-2029 and the end of 2030. Following potential fuel and power system upgrades, the expected annual rental income for each vessel after delivery is projected not to exceed 38.6061 million yuan, exclusive of tax.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cosco Shipping Development to Commission 15 New 87,000-DWT Multipurpose Vessels in a 4.79 Billion Yuan Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCosco Shipping Development to Commission 15 New 87,000-DWT Multipurpose Vessels in a 4.79 Billion Yuan Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-30 21:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Cosco Shipping Development Co.,Ltd.</b> (<b>ASX: 601866</b>) has announced a significant newbuild order. The company plans to commission the construction of 15 multipurpose vessels, each with a capacity of 87,000 deadweight tons, specifically designed for grain transport.<br><br>The total value of the contract is approximately 4.785 billion yuan, exclusive of tax. The order will be placed by the company's indirectly wholly-owned subsidiary, Hainan Cosco Shipping Development Marine Co., Ltd., with Dalian Cosco Shipping Heavy Industry Co., Ltd., a subsidiary of Cosco Shipping Heavy Industry Co., Ltd.<br><br>Upon completion, these newly built vessels will be placed under a long-term operating lease with Huifeng Company, a subsidiary of Cosco Shipping Bulk Co., Ltd. The lease term for each vessel is set at 240 months from the delivery date, with a flexibility window of plus or minus 120 days.<br><br>The vessels are scheduled for delivery sequentially between mid-2029 and the end of 2030. Following potential fuel and power system upgrades, the expected annual rental income for each vessel after delivery is projected not to exceed 38.6061 million yuan, exclusive of tax.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0012","symbol_name":"证金概念","start_time":0,"source_url":"","article_id":"1101287709","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101287709","pubTimestamp":1782825985,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Cosco Shipping Development Co.,Ltd. (ASX: 601866) has announced a significant newbuild order. The company plans to commission the construction of 15 multipurpose vessels, each with a capacity of...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601866":"中远海发","BK0012":"证金概念","BK1535":"港口运输股","BK0188":"融资融券","BK0011":"上海自贸区","BK0010":"央企","BK0183":"MSCI概念","BK0102":"重组","BK0006":"大央企重组","BK0028":"国家队","02866":"中远海发","BK0020":"浦东新区","BK0270":"水上运输","BK1124":"贸易公司与经销商"},"translate_title":"中远海运发展将以47.9亿元人民币的交易委托15艘8.7万载重吨多用途船","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601866":1,"02866":1},"content_text":"Cosco Shipping Development Co.,Ltd. (ASX: 601866) has announced a significant newbuild order. The company plans to commission the construction of 15 multipurpose vessels, each with a capacity of 87,000 deadweight tons, specifically designed for grain transport.The total value of the contract is approximately 4.785 billion yuan, exclusive of tax. The order will be placed by the company's indirectly wholly-owned subsidiary, Hainan Cosco Shipping Development Marine Co., Ltd., with Dalian Cosco Shipping Heavy Industry Co., Ltd., a subsidiary of Cosco Shipping Heavy Industry Co., Ltd.Upon completion, these newly built vessels will be placed under a long-term operating lease with Huifeng Company, a subsidiary of Cosco Shipping Bulk Co., Ltd. The lease term for each vessel is set at 240 months from the delivery date, with a flexibility window of plus or minus 120 days.The vessels are scheduled for delivery sequentially between mid-2029 and the end of 2030. Following potential fuel and power system upgrades, the expected annual rental income for each vessel after delivery is projected not to exceed 38.6061 million yuan, exclusive of tax.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1101287709","isCrawlerRequest":true}