Rhode Island-based Pangaea Logistics Solutions has confirmed a TradeWinds report that it has declared two newbuilding options for ice-class bulkers, but with a new approach to financing the vessels.
The pair of 95,000-dwt post-panamax units at China’s Guangzhou Shipyard International (GSI) -- and two sisters ordered in early 2019 -- are being financed through a $129.2m bareboat charter structure with subsidiaries of CSSC Shipping Co Ltd, a leasing company listed in Hong Kong.
