Chinese Maritime Transport splashes out $117m on bulker order as prices soar

Price for conventionally-fuelled newcastlemax bulkers has increased by almost 16% since end of last year

The 208,000-dwt bulker China Enterprise (built 2017) is one of six newcastlemaxes in the CMT fleet.
The 208,000-dwt bulker China Enterprise (built 2017) is one of six newcastlemaxes in the CMT fleet.Stefan Lemmens/MarineTraffic