- SPDB Financial Leasing places an order at NACKS.
- New-build order for construction of four Bulk Carriers.
SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, has placed an order at Nantong Cosco KHI Engineering (NACKS) for the construction of four 61,000 dwt ultramax bulk carriers. Reports Splash247.
The Deal
The recent order for construction of bulk carriers is part of a financial leasing deal between SPDB Financial Leasing and BG Shipping, the shipping unit of Guangxi Beibu Gulf International Port Group.
The vessels are expected to be delivered by the end of 2021; each ship costing around $24m. SPDB Financial Leasing currently owns a fleet of 25 vessels.
BG Shipping currently operates a fleet of 18 bulk carriers, 16 panamaxes and two ultramaxes, with most of the vessels are brought in as a part of financial leasing deals with China Development Bank.
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Source: Splash247
