Chengxinow holds orders for four firm 64,000-dwt bulkers with four plus four options.The vessels will be jointly owned by Parakou and CSSC Shipping.
Asenior Parakou executive tells TradeWinds correspondent Irene Ang that now isthe right time to invest in new ships. “The shipping industry has been in thedoldrums for the past few years and ship prices have fallen drastically whilevessel orderbooks have declined to a very low level.
