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Massive bulker order from Dalian

Massive bulker order from Dalian

Dalian: The Haichang Group, headquartered in Dalian, has placed one of the biggest orders of the year in China. The firm, founded in 1992, is spending $900m on 20 panamax bulkers to be built at domestic shipbuilder Jiujiang Yinxing Shipyard, according to local news outlet SinoCast.  Haichang is also involved in petrochemicals and property. Sea Fortune is perhaps its best known shipping subsidiary. Its last notable order was six years ago for a quartet of 300,000 dwt VLCCs. [24/7/08]

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