China COSCO Shipping Corporation has finalised a megadeal for 87 new ships that industry players are already calling it historic.
Cosco Shipping has bolstered its fleet with orders for 87 newbuildings at shipyards under a new cooperation agreement with China State Shipbuilding Corporation (CSSC).
China State Shipbuilding Corp (CSSC) and COSCO have finalised a domestic agreement worth approximately RMB 50 billion, covering 87 new vessels across multiple fleet segments, as the shipping giant COSCO races to modernize its fleet and cement its global position.
The agreement was signed in Shanghai on December 8, 2025. The deal, announced Monday, includes the construction of a diverse range of vessel types at shipyards under the umbrella of China State Shipbuilding Corp (CSSC).
The construction work, which will be undertaken by the company’s subsidiaries, covers various vessel types, including ultra-large container ships, ultra-large bulk carriers, very large crude carriers (VLCC), grain carriers, multi-purpose heavy lift vessels, medium range (MR) tankers, small container ships, and others.
