Jotun Cosco Marine Coatings (JCMC) has signed a paint contract for 80 vessels to be built at Dayang Shipyard. This is not only the first NB contract Jotun China secured in 2008, but also the biggest contract ever in the history of Jotun. The total contract value is approximately $50 million, and includes a total volume of 10 million liters of paint to be supplied for 75 x 58,000 DWT bulk carriers and 5 x 16,500 cubic meter LPG.
Dayang Shipyard is a middle size shipyard along the Yangtze River. Jotun has a market share of approximately 90% in this shipyard. The process towards winning this contract started almost one year ago through several meetings with representatives from both the yard and the involved owners, both in China and abroad.