Jiangsu New Yangzijiang shipyard will construct at least five – and up to 10 – 208,000DWT Newcastlemaxes by 2020 as part of a long-term charter contract.
The bulk carriers have a maximum 300 metres LOA and 50 metres BOA.
The contract has been signed with China Development Bank Leasing for five firm plus five optional 208,000DWT Newcastlemaxes.
The firm units are due to be delivered in 2019 and 2020. Upon delivery, they will go on a bareboat charter to US commodity group Cargill.