Shandong Shipping Corporation has been granted a USD 280 million loan by CCB Financial Leasing, China Construction Bank’s subsidiary, to finance the building of its ten 82,000 dwt bulk carriers.
Six of these vessels have been ordered at Sinotrans & CSC affiliated Jinling Shipyard in 2014 by SDTR Marine (SDTR), a joint venture between Shandong Shipping Corporation and Singapore-based shipping company Transcenden Global.
The contract included further four options at a price of USD 28 million each.
The construction of the bulk carriers began in July 2015, and the vessels are scheduled for delivery between 2016 and 2018.
World Maritime News Staff