China Shipping Dev. pays RMB 3.27 bln for new fleet
China Shipping Development Co. Ltd.has announced the payment of RMB 3.27 billion for the construction of 12 bulk carriers that will transport bulk cargo.
The shipping group said in a statement that each bulk carrier would have 57,300 dead weight tons. The vessels will be delivered between 2008 and 2011.
The company, which will pay the money to subsidiaries of its parent firm, will fund the deal by bank borrowings and cash.
The shipping group said in a statement that each bulk carrier would have 57,300 dead weight tons. The vessels will be delivered between 2008 and 2011.
The company, which will pay the money to subsidiaries of its parent firm, will fund the deal by bank borrowings and cash.