Navig8’s potential order for up to eight long-range-two (LR2) tankers at New Times Shipbuilding in China is being taken as a worrying indication that desperate Chinese yards may be offering “crazy” financing terms to attract orders.
TradeWinds reported last week that Navig8 had been linked to a deal with New Times that involved 90% finance from Minsheng Financial Leasing, with the remaining funding coming from the yard.
But
