COSCOL Awarded Major Transportation Contract

COSCO Shipping Co. Ltd. (COSCOL) has been awarded a transportation and logistics contract. The contract was signed by representatives of all parties on September 27th, 2016 in Astana, Kazakhstan. Part of the work under the contract will be subcontracted to COSCOL’s Korean Partners, namely Dongbang Transport Logistics Co., Ltd., Hanjin Transportation Co., Ltd., CJ Korea Express and Chung Yang Shipping Co., Ltd.

COSCO will be responsible for transporting modules weighing up to 1,800 tons from fabrication yards in Korea and Europe to the transshipment bases in the Black and Baltic seas.   Transport volumes will significantly increase to the ports of Burgas, Bulgaria and Hamina, Finland with ultimate delivery to western Kazakhstan through the Russian Inland Waterway Systems by other carriers. We will be using a fleet of 18 semi-submersible vessels and deck carriers to perform about 60 shipments beginning in 2018 and completing in about 2020.

“We look forward to working closely with Company to ensure the safe and timely delivery of the project modules to be used for the expansion of a western Kazakhstan oil field. Together with our Korean partners, we are thankful that Company has put their trust in our team to execute this project at the highest level.” states Capt. Han Guo Min, CEO of COSCOL.