China Steel Express confirms order for four capesizes

China Steel Express confirms order for four capesizes

Taiwanese owner China Steel Express (CSE) has approved a plan to order four 208,000dwt capesize bulkers at Taiwanese and Japanese yards, as part of its fleet optimization plan.

CSE will place an order of two bulkers at Taiwan’s CSBC Corporation for a price of $47.5m each, while it will order the other two at Japan Marine United at a price of $46m each.

The order is CSBC’s first new order for the year and its largest bulker order in the past five years.

According to CSE, the company sold two 25-year-old capesize bulkers in 2016 and it has decided to add new tonnage due to the recovery in the dry bulk market this year.

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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