China Development Bank (CDB) Financial Leasing has announced that it has entered into shipbuilding contracts with two shipyards for the construction of five 208,000 dwt newcastlemax bulk carriers.
The total price of the vessels is $231.4m and CDB Financial Leasing intends to lease the vessels to an undisclosed independent third party.
The first vessel will be delivery in June 2020, followed by the delivery of one vessel in every subsequent two months.
In December, CDB Leasing entered into sale and leaseback agreement with Dynagas for two 162,000 cu m LNG carriers.
