Singapore-listed Yangzijiang Shipbuilding has landed an order worth $470m of newcastlemax bulkers from China Development Bank Financial Leasing (CDB FL).
CDB FL has contracted the domestic shipbuilder to construct five firm 208,000-dwt bulk carriers, says a shipping source familiar with the deal, which also includes five options.
The Chinese leasing company has booked the vessels on the back of five-year charters from US commodities giant Cargill, not speculation, adds the source.
