CDB Leasing splashes out on bulker orders backed by RWE

China Development Bank Financial Leasing (CDB Leasing) is splashing out about $318m on a series of newcastlemax bulker newbuildings at two domestic shipyards.

The order is backed by a charter to Germany's RWE.

CDB Leasing — a China Development Bank subsidiary — has booked six 210,000-dwt newbuildings for delivery in 2022, according to a shipbuilding source.

TradeWinds understands state-owned Shanghai Waigaoqiao Shipbuilding (SWS) and Cosco Shipping Heavy Industry (Yangzhou) will each build three vessels.