China Merchants maps out $728m VLOC order

Shanghai-listed China Merchants Energy Shipping has lined up six very large ore carriers in a related-party deal worth up to RMB4.93bn ($728m). The 343,000 dwt vessels will be built by a yard under sister company China Merchants Shipbuilding Industry, with deliveries scheduled across 2029 and 2030. The investment works out at a maximum of around … Read full article →