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CSIC Leasing goes for cape quartet at Qingdao Beihai

Photo of Sam Chambers Sam ChambersDecember 18, 2018
13 Less than a minute

CSIC Leasing, the financial leasing arm of China Shipbuilding Industry Corporation (CSIC), is ending 2018 in busy fashion. Brokers report the company has placed an order for four 180,000 dwt capesizes at Qingdao Beihai, part of the CSIC network of yards in northern China. The ships are costing $53.5m each and are being built against a long term charter to Germany’s RWE.

CSIC Leasing in September inked a deal for a pair of kamsarmaxes at Tianjin Xingang Shipbuilding. The leasing firm was created in 2016.

Photo of Sam Chambers Sam ChambersDecember 18, 2018
13 Less than a minute
Photo of Sam Chambers

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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