Anhui Conch - June 2019

Conch Logistics, the logistics arm of the Anhui Conch group, has signed a strategic agreement with Cosco Shipping Bulk. The two companies plan to jointly develop the cement logistics business, following Anhui’s order of four 12,500dwt bulk carriers in December 2018. The vessels, which are being built at China’s Jiangdong Shipyard, are due for delivery in 2020. Cosco Shipping Bulk reportedly operates the largest bulker fleet in the world with a total capacity in excess of 33mdwt.