Delivery of New Horizon

2011-1-4

'New Horizon', the conversion project for Korean shipowner POLARIS, has been completed recently and set sail from COSCO Zhoushan Shipyard.

It is the fifth Aframax tanker to bulk carrier conversion project conducted by COSCO Zhoushan Shipyard, which has successfully converted four such projects: Tian Sheng 7, Hong Express, Hong Ocean and Ratna Shalini. COSCO Zhoushan Shipyard has built up a lot of experience in Aframax tanker to bulk carrier conversions, especially in respect of quality management, ultrasonic examination and radiographic testing, all of which had a higher acceptance rate when compared with the previous conversion projects.

It is reported that COSCO Zhoushan Shipyard expect to win another two VLCC conversion projects from this Korean owner by the end of the year.

COSCO Shipyard Group Co. Ltd. press release