China Development Bank Financial Leasing (CDB) to purchase eight 210,000-ton bulkers. The newbuild vessel will be constructed in 3 shipyards.
Two ships would be built by Qingdao Beihai Shipbuilding Heavy Industry, while Yangzhou COSCO Shipping Heavy Industry and Shanghai Waigaoqiao Shipbuilding would build three bulkers each. The ships are expected for delivery in 2021 and 2022.
CDB said that the newbuilding bulkers will cost a total of $ 417.6 million.
The purchase will be financed from the company’s own funds, bond issuance funds which might be combined with commercial loans.