SWS takes lion's share of RWE-backed bulker orders worth $750m

Two Chinese shipyards are set to share capesize bulker orders worth around $750m that are backed by charters with German electricity powerhouse RWE.

China State Shipbuilding Corp-controlled Shanghai Waigaoqiao Shipbuilding (SWS) has won the lion’s share of orders for up to 14 newbuildings of 180,000 dwt, according to shipbuilding sources.

China Shipbuilding Industry Co’s Qingdao Beihai Shipbuilding Heavy Industry will construct the remainder.