COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture leading to a fleet of what will be 18 semi-submersible vessels by end of 2023. 

World’s Largest Semi-Submersible Heavy Lift Fleet Gets Even Bigger

Commercial management of the fleet will be handled by the joint venture and COSCO SHIPPING Heavy Transport exclusively with offices located in Guangzhou, China, Houston, U.S.A. and Rotterdam, The Netherlands.

The current fleet of COSCO SHIPPING Specialized’s vessels will stand at 13 vessels once delivery of the latest 65,000mt DWT new building is achieved end 2023.  The additional five vessels will come from Guangzhou Salvage and include the 80,000mt DWT m/v HUA RUI LONG delivered in 2022.  

The combined fleet will range in size from 20,000mt DWT to 98,000mt DWT and include two of the largest semi-submersible vessels in the world.  

“We are very excited to have a larger and wider range of modern semi-submersible vessels to offer our clients.  Between the rapid growth the offshore renewable energy market and continued development of traditional oil and gas projects, it was important that we grow the fleet quickly in order to meet our clients needs. We are confident that this combined fleet will allow us to offer the right vessels for every project.” says Josh Wilson