Dry CargoGreater China

China Mingsheng Trust orders first ships

Multiple broker reports note that a famous name in Chinese leasing has ordered its first newbuilds.

China Mingsheng Trust has placed an order at Chengxi Shipyard for a series of four firm SDARI design 82,000 dwt kamsarmax bulk carriers. The ship order for wide beam and shallow draft vessels comes with options for four more.

The vessels will deliver in 2022 and are priced at $28m each and are backed by a charter employment with the grain trader COFCO International.

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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