Global Chartering is said to be in talks with a Chinese shipyard for up to 10 energy-efficient bulk carrier newbuildings in a deal valued at approximately $302m in total.
The London-based joint venture between steel and mining giant ArcelorMittal and Peter Livanos-backed DryLog is looking to order six kamsarmax bulkers and four mini-capesize vessels, according to shipyard sources.
The deal is being viewed as part of plans to expand production at India's Essar Steel.
