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Asia Pacific Dry Bulk Shipbuilding

China Merchants and ICBC Leasing order six new VLOCs

The sextet, worth $69.5m each, will be owned by a joint venture between the two Chinese giants, in which CMES will hold a 30% stake.

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The newbuilding deal is backed by a 27-year contract of affreightment signed with Vale

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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