China Merchants spends $1.4bn to take global newcastlemax orderbook past 100 units

China Merchants Shipping has lined up a massive newcastlemax shipbuilding programme at two domestic yards. Shipbuilding sources report the group’s Ming Wah Shipping forking out nearly $1.4bn ($1.385bn) for up to eighteen 210,000 dwt units spread across New Times Shipbuilding and CSSC Qingdao Beihai Shipbuilding. New Times will take on eight firm and two optional …

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