China Merchants Energy Transportation (CMES) has expanded its orderbook with two newcastlemax newbuildings, lifting its spending for the ship type to $752.5m.
The Chinese giant announced on Thursday that its subsidiary Ming Wah Shipping had contracted Qingdao Yangfan Shipbuilding to build two 210,000-dwt bulkers for delivery from the second half of 2027.
CMES said the pair is priced at CNY 1.05bn
