COSCO SHIPPING Specialized Carriers to Charter Vessels for Up to 134 Million Yuan; Shares Up 3%

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COSCO SHIPPING Specialized Carriers (SHA:600428) plans to charter six 60,000-deadweight-tonnage multi-purpose heavy-lift vessels through its subsidiary, Xiamen COSCO Shipping Specialized Carriers, according to a Shanghai bourse filing on Wednesday.

The bareboat charter hire for the vessels will be approximately 133.6 million yuan every year.

CITIC Financial Leasing, ICBC Financial Leasing, CMB Financial Leasing and Zhejiang Zheyin Financial Leasing will be the lessors of the vessels.

The charter period will be up to 20 years.

The Chinese shipping company's shares rose 3% during the afternoon trade.

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