Cosco Signs Pool Agreement

Cosco Shipping Co. has signed a pool agreement with Guangzhou Salvage Bureau of the Ministry of Transport in Guangzhou City, China.

The Hua Hai Long, a 30,000-deadweight-ton semi-submersible newbuilding, will come into service under the management of Cosco. The agreement marks the first pool model among Chinese shipping companies, according to a company statement.

The Hua Hai Long has a length of 182.2 meters, a width of 43.6 meters and a depth of 11 meters. The vessel has a large deck area, advanced ballast system, and can handle a wide range of cargoes. Cosco's semi-submersible pool now totals five vessels with the addition of the Hua Hai Long.

Photo courtesy of Cosco Shipping Co.