As disclosed in a stock exchange filing, two ships from the batch would be built by Qingdao Beihai Shipbuilding Heavy Industry, while Yangzhou COSCO Shipping Heavy Industry and Shanghai Waigaoqiao Shipbuilding would build three bulkers each.
CDB said that the newbuilding bulkers will cost a total of $ 417.6 million.
The purchase will be financed from the company’s own funds, bond issuance funds which might be combined with commercial loans.
