COSCO Orders Ten Bulkers

first_imgzoom ILLUSTRATIONProsperity Investment, a wholly-owned subsidiary of China COSCO, has placed an order for eight new bulk carriers at China Shipbuilding Trading and Chengxi Shipyard. In addition, COSCO has placed another order with Shanhaiguan Shipbuilding for two bulk carriers. The combined budget for all ten newbuilds is approximately $263m.China Shipbuilding Trading and Chengxi Shipyard will build four 38,800 dwt bulk carriers, and four carriers with the 63,800 dwt capacity respectively.The capacity of the vessels built at the Shanhaiguan Shipbuilding will be 38,500 dwt.Chengxi Shipyard plans to deliver the vessels throughout 2016 and 2017, while the Shanhaiguan Shipbuilding is expecting to deliver its two vessels in 2016.World maritime News Staff, July 11th, 2014last_img

Conservationists hunters denounce Alaska mining road plan

ANCHORAGE, Alaska — Conservationists and hunters have denounced a state proposal to construct a mining road through northwest Alaska.The Anchorage Daily News reported Wednesday that the plan came under fire at a hearing Tuesday, the first of a series of statewide public meetings on the road plan.Hunters say the proposed Ambler Road would be closed to the public, while conservationists say it would hurt caribou and other wildlife needed by area villages.The 200-mile (322-kilometre) project would link Alaska’s road system north of Fairbanks to the Ambler Mining District, ending near Ambler and other villages.Nearly 20 people spoke against the plan during the federal Bureau of Land Management hearing in Anchorage.A smaller group expressed support for the project, saying it could produce jobs and state revenue.___Information from: Anchorage Daily News, http://www.adn.comThe Associated Press read more