The suezmax tanker bandwagon rolls on with a near $320m investment by Hong Kong-based CSSC Leasing, the shipowning and leasing arm of state-owned China State Shipbuilding Corp (CSSC).
Industry sources say CSSC Leasing has ordered five 158,000-dwt newbuildings at Shanghai Waigaoqiao Shipbuilding (SWS) for delivery starting from late 2016 into 2017.
The vessels are said to be costing between $63m and $64m apiece and to have been booked against charter contracts from an unnamed Indian company that has an office in Singapore.
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