Cosco Group cancels contacts for two PCTCs

peterzhang11 · 发表于 2009-10-14 15:17

COSCO Group firm cancels contracts for two PCTCs

COSCO Corporation (Singapore) Limited has announced that its affiliate COSCO International Ship Trading Co., Ltd. has agreed with COSCO (Zhoushan) Shipyard Co., Ltd. on the cancellation of their contracts for two 5,000-unit pure car and truck carriers (PCTCs).
The PCTCs are the third and fourth of the four newbuildings COSCO International Ship Trading ordered from COSCO (Zhoushan) in 2007 for delivery between 2009 and 2010. The contract price of each vessel was US$52.5 million. COSCO International Ship Trading has agreed to pay to COSCO (Zhoushan) a total of $10.3 million in compensation. The shipyard will continue work on the first two vessels to have them completed after December 2009 as planned.
COSCO Group is expected to operate the newbuildings on its own. COSCO International Ship Trading, which has no experiences in independent operation of PCTCs, ordered the ships apparently in anticipation of an increase in the number of completed cars shipped out of China.
Many shipowners with no experiences in the PCTC business, ordered such vessels from yards in China and other countries, encouraged by a steep expansion of the maritime transportation of completed cars in the past years. Most of those newbuildings have yet to find charterers. Possible contract cancellations or changes of ship types have been discussed since the PCTC market turned sluggish in the fall of 2008.

步方 · 发表于 2014-4-12 11:26

very good

jackal · 发表于 2014-4-13 22:09

这尼玛给顶出来是个什么意思..........