ICBC Financial Leasing (ICBC Leasing) and China Merchants Energy Shipping (CMES) are teaming up again with Shanghai Waigaoqiao Shipbuilding (SWS) to offer on BHP's tender for dual-fuel newcastlemax bulkers.
TradeWinds broke the news in July of the project, which carries a price of around $840m for the total reported 10 firm and four optional ships, backed by 15-year charters.
Financial sources believe a 70% to 30% joint venture between ICBC Leasing and CMES would be likely to order half the firm ships under the proposal, while CMES places the order for the remaining vessels alone but with a view to 90% lease financing by ICBC Leasing...
