Sinotrans CSC plans to order 10 bulkers at CSSC
Sinotrans CSC is looking to order up to ten 64,000 dwt dry bulk carriers from China State Shipbuilding Corporation (CSSC), Seatrade Asia online reports.
Sinotrans CSC, an integrated logistics service supplier in China, is planning to order 4+2 bulkers at CSSC Chengxi Shipyard and 2+2 vessels at CSSC Huangpu Shipyard.
The newbuildings are scheduled for delivery in 2014 and each vessel is priced at around $25m.
On why Sinotrans CSC chose not to place orders at its own subsidiary yards, analysts believed that the reason might be due to a 17% tax rebate offered by Beijing for ships ordered at CSSC.
