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Yangzijiang confirms order for six VLOCs from ICBC Leasing

China’s privately-owned Yangzijiang Shipbuilding has signed a deal in Beijing with ICBC Financial Leasing to construct six 400,000 dwt VLOCs worth a total of $510m.

Lee Hong Liang, Asia Correspondent

April 12, 2016

1 Min Read

Kalyakan - stock.adobe.com

The newbuildings are scheduled to be delivered from 2018 to 2019.

The shipbuilding order from ICBC rides on the back of its contracts of affreightment (COA) with Brazil’s Vale to transport iron ore over a 27-year period, utilising 10 valemaxes, with six from Yangzijiang and four from Qingdao Behai Shipbuilding Heavy Industry.

Vale has also entered into similar COA with Coscocs and China Merchants Energy Shipping (CMES) in recent weeks.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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