COSCO Shipping Specialized Carriers is expanding its fleet of semi-submersible heavylift vessels with another newbuilding.
The unit of COSCO Shipping Group has returned to Guangzhou Shipyard International for a 70,000 dwt unit as part of its plan to strengthen its position in the semisub offshore transportation market segment.
The newbuild, costing about $142m, has been ordered through its Hong Kong-based wholly-owned subsidiary COSCO Shipping Investment Development. The estimated delivery from the yard, which had previously delivered a series of similar vessels to COSCO, was not disclosed.
COSCO Shipping Specialized Carriers has more than 150 ships of various types, including about 20 heavylift semisubs. In 2023, the company formed a joint venture with Guangzhou Salvage that manages a fleet of 18 semisubs together with Cosco Shipping Heavy Transport, including two of the largest vessels in this segment.
