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Overcoming The Pandemic to Achieve Fruitful Results from The Combination of Industry and FinanceSuccessful Delivery of the Vessel of "COSO Shipping Zhicheng"
发布时间: 2022-04-17

On 15 April, COSCO SHIPPING Development's custom-built 62,000-ton multi-purpose pulp vessel - "COSCO SHIPPING Zhicheng", was successfully delivered through "Cloud Delivery".

The "Cloud Delivery" ceremony was held simultaneously in Shanghai, Hong Kong, Beijing, Dalian, Guangzhou and Tianjin. Ming Dong, deputy general manager of COSCO SHIPPING Development, Dong Yuhang, deputy general manager of COSCO SHIPPING Specialized Carriers, Jiang Jijiang, deputy general manager of COSCO SHIPPING Heavy Industry, and Zhang Hui, general manager of China Classification Society Dalian Branch witnessed the live cloud delivery of vessels at Dalian COSCO SHIPPING Shipyard. Shi Xiaoling, general manager of Liaoning Branch of China Export & Credit Insurance Corporation, served as the godmother of the vessel of "COSCO SHIPPING Zhicheng" and decided on a name for it.

"COSCO SHIPPING Zhicheng" is the fourth vessel of the 10 62,000 DWT multi-purpose pulp ship project ordered by COSCO SHIPPING Development. The vessel has a total length of 201.8 meters, a width of 32.26 meters, a moulded depth of 19.3 meters, a structural draft of 13.3 meters, a speed of 13.5 knots, a cruising capacity of 22,000 nautical miles, a deadweight of approximately 62,000 tons and a cargo hold capacity of approximately 72,500 cubic meters. The main engine of the vessel meets the Tier III emission requirements with a green passport.

Upon delivery, the vessel will be leased to COSCO SHIPPING Specialized Carriers on an operating lease with stable benefits. It is another successful practice of COSCO SHIPPING Development to implement the integration of industry and finance and support the development of the main shipping business. It is an important manifestation of deepening the operation of the shipping industry chain, synergizing the business linkage within the Group, and promoting the development of the shipping industry, and contributing to the global connectivity of the shipping industry.

About Us
COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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