Sinotrans CSC, an integrated logistics service supplier in China, is planning to order 4+2 bulkers at CSSC Chengxi Shipyard and 2+2 vessels at CSSC Huangpu Shipyard.
The newbuildings are scheduled for delivery in 2014 and each vessel is priced at around $25m.
On why Sinotrans CSC chose not to place orders at its own subsidiary yards, analysts believed that the reason might be due to a 17% tax rebate offered by Beijing for ships ordered at CSSC.
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