China Merchants firms charter deal for five MPP newbuilds

China Merchants Energy Shipping (CMES) has firmed long-term charter deals for five multipurpose newbuildings, locking in another 422,500 dwt of capacity for its growing general cargo operation. The Shanghai-listed owner has signed for three 84,500 dwt ships from CMB Financial Leasing and another two from China Merchants Financial Leasing. The initial three-year charter period will … Read full article →