US commodities giant Cargill is being linked with a $250m order for up to half-a-dozen capesize bulkers in China.
Industry sources say the order is being placed through an offshore subsidiary called Great Wave Navigation and involves three firm 180,000-dwt newbuildings at Singapore-listed Yangzijiang Shipbuilding for delivery between the last quarter of 2018 and late 2019. The deal includes three options.
