Sinotrans Shipping adds six new bulkers for $138.9m

The six energy-saving dry bulk carriers, each with a capacity of 38,800 dwt at a price of $23.15m apiece or $138.9m in total, are expected to be delivered in June, August, October and December 2017, March and May 2018, respectively.

The yard Shanhaiguan is a subsidiary of China Shipbuilding Industry Corporation (CSIC).

Sinotrans Shipping said the construction cost of the new vessels is relatively low, the construction of such energy-saving containerships will enable the company to optimise the composition of its fleet of containerships, similar reasons for the earlier container vessels order.

Sinotrans Shipping, subsidiary of Sinotrans & CSC Group, on Monday booked four new energy-saving containerships of 1,900 teu in capacity each at CSSC Huangpu Wenchong Shipbuilding for a total price of $98.2m.

Meanwhile, Sinotrans & CSC Group may merge with China Merchants Energy Shipping (CMES), as part of a wider consolidation among China’s state-owned corporations so as to streamline operations.