COSCO Shipping Specialized Carriers Invests USD 310 Million in Expanding Heavy Lift Vessel Fleet

According to an official announcement, COSCO entered into a long-term bareboat charter agreement with BoComm Leasing, a financial leasing arm of the Bank of Communications of China. The charter period spans approximately 16 years, with an average annual cost of USD 19.4 million per vessel.

Each new vessel will have a deadweight tonnage (DWT) of up to 60,000 DWT and will be built at Chengxi Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC). These multipurpose ships are designed to transport ultra-heavy and oversized cargo, such as wind energy equipment, large-scale industrial machinery, steel structures, project cargo, port handling equipment, and other specialized goods.

Scaling Up – Anticipating Global Demand

This investment forms part of COSCO’s broader strategy to scale up its specialized fleet, aligning with the globalization trend in the logistics industry. In previous years, COSCO Shipping Specialized Carriers has collaborated with various domestic leasing firms to develop a wide range of dedicated vessels, including pulp carriers, multipurpose vessels, and car carriers.

As per its 2025 roadmap, COSCO plans to introduce over 50 new vessels, further cementing its position as one of the world’s leading specialized shipping operators. The growing heavy lift fleet not only serves the increasing demand from renewable energy projects, infrastructure development, port construction, and large-scale engineering, but also sets a new benchmark for global maritime transport capabilities.
Learn more: Ocean Freight Services at Dolphin Sea Air Services Corp.

Perspective from Dolphin Sea Air Services Corp.

The significant investment by major carriers like COSCO in heavy lift vessels highlights an inevitable shift in the logistics industry—especially in the domain of project cargo and oversized freight transportation.

This is also a field in which Dolphin Sea Air Services Corp. is actively expanding its capabilities. We closely collaborate with leading global transport partners to provide tailored logistics solutions for both domestic and international clients.

From route surveys, transport plan design, lifting equipment coordination, customs clearance, to multimodal transportation (ships, barges, hydraulic trailers, etc.), Dolphin ensures feasibility, safety, and cost-efficiency for every type of complex cargo.
Explore more: Freight Transport in Modern Logistics

Opportunities for Vietnamese Enterprises in the Global Logistics Chain

The growth of heavy lift fleets benefits not only global corporations but also opens up extensive collaboration opportunities for logistics companies in Vietnam. As the country participates in large-scale wind power, green industry, and machinery import-export projects, mastering specialized transport capabilities will be key to capturing market share in the global supply chain.

Dolphin Sea Air Services Corp. remains committed to investing in specialized transport solutions, technology, and professional talent, supporting enterprises in key projects from Bac Giang to Ho Chi Minh City, and on cross-border routes such as China–Vietnam.

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