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CURRENT ISSUE

BEATING THE PIRATES
What's the best way for a shipowner to avoid having a ship hijacked by pirates?

Reroute the ship even if it means a huge diversion
Stay within recommended safe limits and patrolled areas
Hire an on-board security team
Just hope for the best

December 30, 2008

COSCO (Zhoushan) reschedules bulker deliveries

First the good news from China's COSCO (Zhoushan) Shipyard Co., Ltd. It's completed the construction of its first 57,000 dwt bulk carrier. On successful completion of sea-trials, the vessel will be delivered to its owner.

The not-so-good news? COSCO Zhoushan has agreed, following separate requests from a European and an Asian shipowner, to reschedule the delivery dates of a total of seven 57,000 dwt bulk carriers contracted by the two owners.

The delivery dates of four of the bulkers have been rescheduled from between February 2010 and June 2010 to between February 2011 and November 2011, and the delivery dates of the other three vessels have been rescheduled from between August 2009 and November 2009 to January 2012.


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