China Development Bank Financial Leasing (CDB Leasing) has ordered nine ultramax bulker newbuildings from New Dayang Shipbuilding.
The Hong Kong-listed leasing arm of state-owned China Development Bank said it will pay $261m for the 60,000-dwt vessels, or $29m per vessel.
CDB Leasing said the prevailing market value of the vessels obtained from an independent third-party appraisal company is around $279m.
