CDB Leasing orders ultramax quartet at New Dayang Shipbuilding

CDB Leasing orders ultramax quartet at New Dayang Shipbuilding

CDB Leasing, the leasing unit of policy bank China Development Bank, has officially signed shipbuilding contracts with New Dayang Shipbuilding for the construction of four 63,500 dwt ultramax bulk carriers.

The order is part of a letter of intent CDB Leasing signed with the yard last November for a total of 12 ultramax newbuildings.

Two ships are expected to be delivered in August and November next year and the other two will be delivered in 2021.

Currently CDB Leasing has another three 82,000 dwt kamsarmax bulkers on order at New Dayang Shipbuilding.

Dayang Shipbuilding, a former subsidiary yard of bankrupt Sinopacific Shipbuilding, completed a restructuring with SUMEC Group and rebranded as New Dayang Shipbuilding last November.

CDB Leasing now owns a fleet of 40 vessels, comprising of 33 bulkers, three containerships, one tanker and three gas carriers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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