---
title: "COSCO Shipping Development invests RMB 4.79 billion in 15 new 87,000-DWT grain vessels"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295916440.md"
description: "COSCO Shipping Development signed contracts for 25 newbuild ships totaling RMB 10.06 billion, including 15 grain vessels and 10 bulk carriers. The group will fund 25% internally, with the rest via financing. Deliveries are scheduled between June 2029 and December 2030. All ships will be leased to Wai Fung Shipping under 20-year time charters to support long-term income."
datetime: "2026-08-14T10:02:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295916440.md)
  - [en](https://longbridge.com/en/news/295916440.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295916440.md)
generator: "portal-rs"
---

# COSCO Shipping Development invests RMB 4.79 billion in 15 new 87,000-DWT grain vessels

-   Cosco Shipping Development will expand its vessel leasing fleet with orders for 25 newbuild ships under contracts signed in 2026, with combined shipbuilding prices of about RMB 10.06 billion, excluding tax. \* The deal covers 15 87,000 DWT multipurpose grain vessels priced at about RMB 4.79 billion and 10 210,000 DWT bulk carriers priced at about RMB 5.28 billion. \* The group expects to fund about 25% from internal resources, with the balance from financing such as bank borrowings and external debt financing. \* Deliveries are scheduled for June 2029 to December 2030 for the 87,000 DWT vessels, with the bulk carriers due June 2030 to December 2030. \* The ships are intended for 20-year time charters to Wai Fung Shipping, supporting long-term lease income and cash flow. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cosco Shipping Development Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260814-12284892), on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**