China’s Shandong Shipping plans to order a series of newcastlemax bulker newbuildings worth close to $220m at state-owned Qingdao Beihai Shipbuilding Industry.
According to industry sources, Shandong is in close discussions with the Chinese shipyard for up to four 210,000-dwt vessels for delivery in 2020 and 2021.
The deal is for two firm ships plus two options.
“Shandong is not ordering the vessels on speculations," a shipping source said.
