https://splash247.com/cosco-shipping-orders-four-asphalt-carriers-for-98m/

In a significant expansion of its fleet, COSCO Shipping Specialized Carriers has commissioned four 9,000-tonne special liquid cargo ships from Mawei Shipyard, a subsidiary of Fujian Shipbuilding. This procurement, managed through COSCO's wholly-owned Hong Kong-based subsidiary, COSCO Shipping Investment Development, is aimed at bolstering the company’s capabilities in asphalt transport.

The total investment for the acquisition is estimated at $98 million, with each vessel costing approximately $24.5 million. The new ships are scheduled for delivery between October 2025 and August 2026, reinforcing COSCO's commitment to enhancing its specialized cargo services within a well-defined timeline. COSCO Shipping has indicated that the internal rate of return (IRR) for this project is projected to be around 7.2%. Furthermore, the anticipated investment payback period stands at 11.8 years, highlighting a sound financial strategy and a focus on long-term returns.This strategic initiative reflects COSCO’s dedication to strengthening its position in the specialized shipping sector. The addition of these advanced vessels is expected to enhance the company’s operational efficiency and market competitiveness, ensuring sustained growth and an expanded service offering in the asphalt transportation industry.