ShippingWatch

New Chinese partnership to build huge dry bulk ships

Chinese companies ICBC Financial Leasing and China Merchants Energy Shipping have formed a partnership to build six very large ore carriers for more than USD 400 million.

Lodsning af jernmalm. Photo: /ritzau/AP

A new joint venture between the two companies ICBC Financial Leasing and China Merchants Energy Shipping has agreed to order six very large ore carriers, VLOC.

The ships will be 325,000 dwt each, and the order will have a combined value of USD 417 million, report several media.

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