Cosco is making a hefty addition of tonnage to the large multipurpose (MPP) carrier sector with a nearly $290m order for eight more ultramax ships.
The order will give Cosco Shipping Specialised Carriers a fleet of 20 purpose-built ships designed to exploit high-volume Chinese imports of wood pulp as a basis for backhaul export cargoes of Chinese industrial products.
Pulp carriers
The company bills the ships as MPP pulp carriers, although some reference sources classify them as bulkers.
