Shandong Shipping is said to have finally committed to a series of newcastlemax newbuildings at Qingdao Beihai Shipbuilding Heavy Industry. However, an executive at the Chinese shipowner said the deal has not been finalised.
Shandong has signed up for four firm 208,000-dwt bulkers to be delivered in 2021, with no optional vessels included.
News that it was planning to order the newcastlemaxes was first reported in TradeWinds late last year, when the company was said to be in discussions with state-owned Qingdao Beihai for two firm vessels plus options for another pair.
