The financial leasing arm of China Merchants Bank has returned to shipbuilder Dalian Cosco KHI Ship Engineering (Dacks) for a series of ultramax bulkers.

China Merchants Bank Financial Leasing (CMB FL) has commissioned the China-based yard to deliver four 61,000-dwt vessels in 2021, market sources said.

An official at Dacks declined to comment on talk of the deal.

Wah Kwong charter

CMB FL has bareboat chartered out two of the four bulkers to Hong Kong shipowner Wah Kwong Maritime Transport Holdings.