China Merchant Energy Shipping (CMES) is returning to China Merchants Heavy Industry for bulker newbuildings.
The Shanghai-listed, Hong Kong-headquartered shipping giant said it has picked China Merchants Heavy Industry’s Jinling shipyard to build two 62,000-dwt and two 82,000-dwt vessels.
A letter of intent has been signed and CMES is waiting for approval from its board.
Sources said CMES needs the newbuildings to replace some of its older ships and they believe the board will give the green light.
