ICBC head of shipping Yang Changkun tells TradeWinds that there is no drama behind the missing COAs and he expects a signing to take place shortly, probably in Beijing.
This week China Cosco Shipping (CoscoCS) and China Merchants Energy Shipping (CMES) both announced the long awaited signing of 27-year contracts with Brazilian miner Vale. Such long-term exclusive contracts serve as the basis of the long-expected orders of 30 ships of 400,000 dwt, 10 each by newly merged CoscoCS, fellow state-owned CMES and ICBC Financial Leasing.
ICBC,
