Restructured Yangzhou Dayang Shipbuilding has landed its first order.
Avic International Leasing has signed up for eight 63,500-dwt ultramax bulkers. It is said to be the Chinese yard’s first newbuilding contract after two years of restructuring and a change of ownership.
The four resale vessels are half-built newbuildings at Dayang. These newbuildings were cancelled or abandoned by shipping companies during the dry bulk downturn
Dayang officially came under the control of Chinese trading house Sumec and two affiliates — Meida Asset Management and Yangzhou Yunhe XingCheng Development — in July.
