Beihai Shipbuilding, COSCO Shipping Bulk Sign Bulk Carrier Deals, Orderbook Tops 100 Vessels
Beihai Shipbuilding, a unit of China State Shipbuilding Corporation, has activated bulk carrier construction contracts with COSCO Shipping Bulk. The shipyard's orderbook now exceeds 100 vessels and 23 million deadweight tonnes, a historic first, with delivery slots extending to 2030.
Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has recently activated the construction contracts for a series of bulk carriers with COSCO Shipping Bulk. With this development, the shipyard's orderbook has surpassed 23 million deadweight tonnes, breaking through the 100-vessel mark for the first time in its history. Delivery schedules for some of these orders extend to 2030.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Shipbuilding, with intensity 60/100 and 80% confidence over a medium term horizon.
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