COSCO Shipping Initiates Pool Model

2012-02-03

Recently, COSCO Shipping has signed an agreement with Guangzhou Salvage Bureau to manage its semi-submersible ship. According to the agreement, Guangzhou Salvage Bureau will send its 30,000 dwt semi-submersible ship “HUA HAI LONG”, which has been used for 3 years, to COSCO Shipping’s semi-submersible ship Pool. COSCO Shipping claimed it has initiated the first \'pool model\' among Chinese shipping companies.

This marked COSCO Shipping has broken the western shipping manger model (including heavy lifters and semi-submersible ships), and created the first Chinese Pool model (partnership). The COSCO Shipping’s management of semi-submersible ships has entered a new era, and its capacity to integrate and control market has been further enhanced.

At present, COSCO Shipping has made itself in the list of top suppliers in global semi-submersible transport industry with Exxon Mobile、KBR、Technip. It is the only supplier in China that has passed the audit of Shell with the highest green level.

At the signature ceremony, Mr. Han Guo Min, CEO of COSCO Shipping, pointed out that, with the changes in the semi-submersible market, it has become the trend to strengthen cooperation and integration in this industry. COSCO Shipping has established the marketing center and cargo transport technical center to train its own talents in ship management. It sincerely welcome other international partners to join its semi-submersible business.

“HUA HAI LONG” is a 30,000 dwt new semi-submersible ship with a length of 182.2m, a width of 43.6m and a depth of 11m. The Vessel has a large deck area, advanced ballast system, and can handle a wide range of cargoes. With the joining of “HUA HAI LONG”, COSCO Shipping’s semi-submersible POOL has reached five vessels, giving it the capability of transporting small, medium and large offshore and onshore cargoes. The establishment of semi-submersible POOL means COSCO is progressing to be the integrator of global semi-submersible system.

COSCO Shipping has created many records in Chinese and the world shipping industry with is remarkable strength in transporting large marine engineering equipment. With the advanced DP2 marine dynamic positioning system, it has carried out the transport and installation for several times. This technology to complete the overall transport and direct installation in one time all by itself is exclusive to COSCO Shipping.

 

Source from : CNSS

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