China’s Shandong Shipping has struck a deal with domestic shipbuilder Qingdao Beihai Shipbuilding Heavy Industry for four firm methanol dual-fuel, 325,000-dwt ore carrier newbuildings.

TradeWinds learned that Shandong Shipping was one of the companies that inked newbuilding contracts with shipyards under the banner of China State Shipbuilding Corp (CSSC) in Shanghai on Tuesday evening during the Marintec event in Shanghai.