Asian newbuilding markets were awash with talk this week that two Chinese yards have landed a bulker order worth more than $1.3bn from little-known US company MGTECK Shipholding.
Sources say China Shipping Group shipbuilding arm CIC Jiangsu and state-owned Shanghai Waigaoqiao Shipbuilding (SWS) will build six capesizes and 18 newcastlemaxes, respectively, for the New York-based company. Deliveries are slated for between the second half of 2016 and first half of 2018.
MGTECK,
