ICBC Leasing commits up to eight ultramaxes at Zhoushan Changhong

ICBC Leasing commits up to eight ultramaxes at Zhoushan Changhong

Chinese financial leasing outfit ICBC Leasing has placed an order at Zhoushan Changhong International Shipyard for the construction of up to eight ultramax bulkers.

According to shipbroking sources, the order includes four firm vessels and options for another four vessels.

The price for each vessel is around $24m and deliveries will start from June 2019 until 2020.

ICBC Leasing is China’s largest ship financier, controlling a fleet of over 100 vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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