Chinese shipowner and bulker operator Beibu Gulf Shipping is to expand its fleet by agreeing to take a series of newbuildings on long-term charters.
The shipping arm of state-owned Beibu Gulf Port Group has time chartered several newcastlemax bulkers from China Development Bank Financial Leasing (CDB FL).
Five fixtures
One source familiar with Beibu Gulf Shipping says the company has fixed five 208,000-dwt bulker newbuildings that the Chinese leasing outfit has under construction at Yangzijiang Shipbuilding for delivery between the second half of 2020 and 2021.
