SDTR Marine signs for 10 post-panamax bulkers at DSIC

SDTR Marine signs for 10 post-panamax bulkers at DSIC

Singapore-based shipping company SDTR Marine and AVIC Leasing have signed shipbuilding contracts with Dalian Shipbuilding Industry for the construction of ten 85,000 dwt post-panamax bulk carriers.

AVIC Leasing is the financier of the deal and has ordered the vessels as the owner to charter to SDTR Marine upon completion from 2021. Financial details of the deal were not disclosed.

The vessels will be the largest vessels in SDTR Marine’s fleet.

In May 2018, AVIC Leasing also ordered two 82,000 dwt bulk carriers at Jinling Shipyard under a financial leasing arrangement with SDTR Marine.

SDTR Marine is a joint venture between China’s state-run Shandong Shipping and Singapore shipping company Transcenden Global. The company currently operates nine bulkers with another five newbuildings on order at Chinese shipyards.

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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