Ultramaxes for Sinotrans

Hong Kong: Sinotrans Shipping is spending $103.2m on four 64,000 dwt bulkers to be built at CSC Jinling Shipyard. The vessels will deliver in the second half of next year.

Sinotrans Shipping, which like other state run shipping lines has gone through significant management shake ups in the past year, said it would pay for the ships with its own reserves.  [07/01/13]

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