Tomini Shipping is in discussions with Chinese leasing companies to secure $100m in financing to cover six bulkers it has on order at Chinese yards.

“We are talking to two leasing companies right now,” chief executive Nitin Mehta told TradeWinds on the sidelines of the Marine Money Gulf Ship Finance Forum on Thursday last week.

The financing is to cover three 64,000-dwt vessels being built at Cosco Shipping Heavy Industry's Yangzhou yard and three 82,000-dwt ships on order at Taizhou Kouan Shipbuilding.