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AVIC International Leasing orders eight ultramax bulkers at Dayang

Chinese financial leasing company AVIC International Leasing has signed shipbuilding contracts with SUMEC Marine for the construction of eight 63,500 dwt ultramax bulk carriers.

The vessels will be constructed at Dayang Shipbuilding, which was taken over by SUMEC earlier this year and is currently in a restructuring process.

Since the shipyard entered restructuring this year, it has secured newbuilding orders for 11 bulkers in total.

Traditionally an aircraft leasing company, AVIC Leasing said it will continue to optimise its shipping assets and enhance its management and operation capabilities in the shipping sector.

China’s financial leasing companies have recently started a new round of ship acquisitions. Minsheng Financial Leasing was linked to two VLCC purchases while BoComm Leasing placed an order at CSSC Chengxi Shipyard for four 80,000dwt kamsarmax bulkers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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