🚨COSCO’s $10B Shipbuilding Powerplay: Renewal or Risk?
🔥COSCO’s $10B orders — we explained in 10 questions.
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🔥 Greetings, Maritime Mavericks!
COSCO is accelerating again.
The company is preparing a multi-billion-dollar newbuild program that spans almost every ship type.
Orders include containerships, bulkers, tankers, multipurpose carriers, and semi-submersibles.
Chinese yards are giving COSCO top priority, leaving fewer slots for foreign owners.
The spree could exceed $10 billion, one of the largest in recent memory.
But the key question remains: is this a renewal for strength — or a gamble that risks oversupply?
Here are the 10 questions this story must answer:
1️⃣ What exactly is COSCO ordering?
2️⃣ How many ships and how much money?
3️⃣ Why is COSCO ordering now?
4️⃣ Which shipyards are building these vessels?
5️⃣ How does this affect global shipyard capacity?
6️⃣ What role does Beijing play in this spree?
7️⃣ How are foreign rivals reacting?
8️⃣ What are the key risks for COSCO?
9️⃣ What are the potential rewards?
🔟 What does this mean for the future of global shipping?
Let’s dive in…
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1️⃣ What exactly is COSCO ordering?
COSCO is preparing orders for containership, bulkers, tankers, multipurpose carriers, and semi-submersibles.
2️⃣ How many ships and how much money?
Industry sources say the program could reach up to 120 vessels with a value of over $10 billion. Some contracts for 40,000 dwt bulkers are already in place.
3️⃣ Why is COSCO ordering now?
The company frames this as fleet renewal, after years of limited activity. But the timing also aligns with Beijing’s push for stronger national champions.