China’s Bank of Communications Financial Leasing (Bocomm Leasing) is to expand its fleet with eight VLOC newbuildings and one ultra-large containership.

A source familiar with the Chinese leasing house said the 325,000-dwt guaibamax vessels are being built, with state-owned Qingdao Beihai Shipbuilding Heavy Industry and privately owned Yangzijiang Shipbuilding constructing four ships each.

Bocomm Leasing booked the VLOC newbuildings last year.