Chinese leasing company ICBC Financial Leasing has signed up for two newcastlemax bulkers newbuildings worth $127m.
According to shipbuilding sources, the Beijing-headquartered financial company has contracted Cosco Shipping Heavy Industry Yangzhou Shipyard to build the pair of 210,000-dwt bulker for delivery in 2023.
Sources said Chinese shipowner Zhejiang Xiehai Group is behind the order. They added that the privately-owned shipping company has approached the leasing company to finance the vessels, which are said to cost $63.5m
