China’s Bank of Communications Leasing and Shandong Huachen Financial Leasing have ordered 10 capesize bulkers at Shanghai Waigaoqiao Shipbuilding (SWS).
The two Chinese leasing companies will bareboat charter out the newbuildings to compatriot shipowner Shandong Shipping Corporation.
A SWS official said the newbuilding contract was signed last week and that the 180,000-dwt Tier III compliant vessels are earmarked to ship coal for German electricity power house RWE.
