Chinese state-run bulk entity Shandong Shipping has ordered five firm 180,000 dwt capesizes at Shanghai Waigaoqiao Shipuilding, according to Clarkson Research. The contract comes with options for five more capes and marks a very significant expansion for Shandong Shipping.
The ships are due for delivery in 2020 and 2021. No price has been revealed.
Shandong Shipping currently operates a fleet of 28 vessels, comprising of 12 bulkers, seven crude tankers and nine LPG vessels.
Also in China, Clarkson Research is reporting that Yangzhou Binjiang has won orders for two firm plus one option 64,000 dwt bulkers. Rongtua Shipping has taken one with another on option while Taizou Yongan has committed to one firm bulker order. The ships will deliver in 2020.