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.