en.Wedoany.com Reported - Recently, COSCO Shipping Specialized Carriers Co., Ltd. issued an announcement stating that it will invest in the construction of eight 60,000-DWT multi-purpose heavy-lift vessels at Chengxi Shipyard Co., Ltd., a subsidiary of China State Shipbuilding Corporation Limited. The total contract price shall not exceed RMB 2.624 billion, with vessels expected to be delivered and put into operation successively from April 2029 to June 2030.

In recent years, the global installed wind power capacity has continued to grow rapidly, driving a significant increase in demand for maritime transportation of wind power equipment. Meanwhile, the steady expansion of China's advanced manufacturing product exports has further boosted the demand for related specialized vessel capacity.

To seize the structural growth opportunities in capacity demand brought by global wind power transportation and China's advanced manufacturing exports, and to accelerate the strategic transformation and upgrading of COSCO Shipping Specialized Carriers, as well as to further optimize and strengthen its multi-purpose heavy-lift vessel fleet, COSCO Shipping Specialized Carriers has timely advanced the construction project for a series of specialized multi-purpose heavy-lift vessels.

This construction project will be implemented by the company's wholly-owned subsidiary, COSCOL (Hong Kong) Investment Development Co., Ltd., or its affiliated companies as the investment entity.

The announcement states that this transaction will help COSCO Shipping Specialized Carriers further optimize its capacity structure, expand its business scale in relevant niche markets, enhance its specialized service capabilities and brand recognition, consolidate and strengthen its competitive position in the industry, and improve overall profitability and shareholder returns, aligning with the company's medium- to long-term strategic development direction.