Cosco unit wins business from world’s largest solar PV project

The Sheikh Mohammed Bin Rashid Al Maktoum solar park, currently the largest single solar system in the world. © Pazemin

The Al Dhafra PV2 solar project in Abu Dhabi, the world’s largest single-site photovoltaic system, has awarded Cosco Shipping Specialized Carriers (CSSC) a nine-month contract for the transport of photovoltaic modules, transformers and associated freight in containers.

CSSC is the breakbulk and multi-purpose vessel operating arm of China Cosco, and although its MPVs can haul containers, the company does not own any and will be serviced by the freight forwarding company Shenzhen Yihaitong Global Supply Chain Management for 270 days at a cost of US $ 10.53 million. Dollar rent.

The Al Dhafra project, owned by EDF Renouvelables, Jinko Power, Abu Dhabi Future Energy and Abu Dhabi National Energy, is expected to be completed this year and will provide power to Emirates Water and Electricity for 30 years.

CSSC said cargo for the project will be shipped to Abu Dhabi from Shanghai or Taicang in China.

Independently of this, the company has signed a two-year chartering agreement (COA) for 53 million US dollars with Yihaitong for two to three shipments of 550 to 750 TEU from China to Brazil. A total of 36,600 teu of goods are expected to be transported.

The Chinese airline said the COA was in response to government calls to stabilize foreign trade in the face of container freight rates spiraling out of control.

CSSC added: “Due to the current situation in the container transport market, Chinese companies have serious logistical problems when exporting.”

Brazil mainly exports wood pulp to China, but the COA ensures the company can move cargo from China to Brazil, which makes round-trip travel more practical.

About Christine Geisler

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