COSCO Kansai took 11 new shipbuilding orders

On November 14, 2011, COSCO Kansai Paint Chemical Co., Ltd. ("COSCO Kansai"), as a leading company in the industrial anti-corrosion coating industry, recently announced the latest development of its marine coatings business. The 11 new vessels of Nantong Yahua Shipbuilding Co., Ltd. and Yangzhou Zhongxi Shipyard will use COSCO Kansai to provide coating protection. The new vessels are expected to be delivered to operation from 2012 to 2013.
The current developed economies have a new round of crisis in employment and debt, while emerging economies are generally facing greater inflationary pressures. Since the beginning of this year, the completion of China's shipbuilding industry has continued to rise, but the new orders in the global ship market and the hand-held orders of China's shipping companies have continued to decline. The order quantity of newly-accepted ships is lower than the completion quantity, indicating that the shipbuilding industry has experienced a downward trend. It is expected that the growth of the shipbuilding market may face difficulties and may even experience negative growth in 2012. The cold winter of the ship market is approaching, and the competition among ship paint manufacturers is also unprecedented. In this severe market environment, COSCO Kansai Ship Sales Team is not afraid of difficulties, and is advancing against the trend. With its excellent product quality and excellent after-sales service reputation, it has impressed customers and won 11 new shipbuilding orders. The upcoming shipbuilding winter has reserved a batch of fuelwood.
COSCO Kansai is one of the first coating companies to provide protection for China's self-built super-large ships. China's first self-made 300,000-ton VLCC is known as the "Great Lake" of China's oil shipping flagship. It uses COSCO Kansai paint and has been safely sailing hundreds of thousands of nautical miles. So far, COSCO Kansai has provided reliable protection for many 300,000-ton VLCCs such as “Great Lake” and “Yuanming Lake”. Its excellent product performance and excellent service are favored by ship owners and shipyards of various countries.
COSCO Kansai will continue to contribute to the safety of shipping vessels with its superior products and professional services.

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