Cosco Clinches Shanghai Development Bank’s Panamax Shipbuilding Contracts

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In a major development, SPDB Financial Leasing, the leasing unit of Shanghai Pudong Development Bank, has announced that they have entered into shipbuilding contracts with Cosco Shipping Heavy Industry for the construction of six 82,000 dwt panamax bulkers, reports Jason Jiang for Splash247. 

  • All the vessels will be built at Nantong Cosco KHI Ship Engineering (NACKS) and deliveries will start from 2022.
  • The order follows SPDB Financial Leasing ordering four 61,000 dwt bulkers at NACKS for a charter deal with BG Shipping, the shipping unit of Guangxi Beibu Gulf International Port Group.
  • VesselsValue data shows SPDB Financial Leasing currently owns a fleet of 32 vessels.

About the Author

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week

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Source: Splash247