Greater China

CSD signs 10-year chartering contract for four bulkers

Shanghai: China Shipping Development (CSD) announced that its subsidiary China Shipping Bulk Carrier (Hong Kong) has signed a 10-year bareboat chartering contract with Dongfang International Asset Management Ltd, another affiliate company of China Shipping Group, for four 65,000dwt bulkers.

The bulkers are currently under construction at an affiliate shipyard of China Shipping Industry and will be delivered in 2015 and 2016. The daily chartering rate for each vessel is $6,830. [16/04/14]

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