Shandong Shipping gets $280m financing deal for ten bulkers

Shandong Shipping gets $280m financing deal for ten bulkers

Shandong Shipping has signed an agreement with CCB Financial Leasing, the financial leasing arm of China Construction Bank, to provide financing for ten 82,000dwt bulkers.

SDTR Marine, the joint venture between Shandong Shipping and Singapore’s Transenden Global, ordered six 82,000dwt bulkers with four options at Sinotrans & CSC affiliated Jinling Shipyard in 2014 at a price of $28m each.

The construction of the vessels started in July this year and deliveries are scheduled between 2016 and 2018.

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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