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Bangladeshi order for three Yangzijiang tankers

Bangladesh can rank as one of Asia’s more aggressive shipping nations in terms of acquisitions in 2016.
While most of the deals have been done for secondhand tonnage, brokers report a rare tanker order. Bangladesh Shipping Corporation is behind a triple tanker order for handysize 39,000 dwt ships. The contract is with China’s largest private yard, Jiangsu New Yangzijiang, with each ship costing $28.5m and all three set to deliver in 2018.

Bangladesh shipping companies have been very adept at tapping Chinese banks for finance in recent years to build up their fleets.

In other tanker ordering news elsewhere, Azerbaijan Caspian Shipping Company has come in for a pair of small 8,000 dwt tankers which will be built at Baku Shipyard, also for 2018 delivery. No price has been revealed.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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