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 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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