Wah Kwong Maritime Transport has broken into new territory within the dry cargo market following an order for a brace of newbuildings at China’s Chengxi Shipyard.
The Hong Kong-based shipowner has commissioned Chengxi to build two 82,000-dwt kamsarmax bulk carriers in a contract which does not include any options.
David Palmer, chief executive of Wah Kwong, confirms the order, which he says marks the company's first foray into the kamsarmax arena.
