Nantong Cosco KHI wins order for two 61,000 dwt bulkers
Nantong Cosco KHI Ship Engineering Co (Nacks) inked an order to build two 61,000 dwt dry bulk carriers for Josco Jiangsu, Seatrade Asia online reports.
The newbuilding contract calls for delivery in the first half of 2014 for the two vessels. Financial terms of the contract were not disclosed but estimates suggested a price tag of more than $25m each.
Josco Jiangsu said the new orders were placed at a time of lower newbuilding prices and to take advantage of fuel savings features of new vessels.
