Cara Shipping to Expand Its Fleet with Five New Bulk Carriers

Rizhao Steel, through its Singapore-registered shipping subsidiary Cara Shipping, has ordered five 18,000 dwt bulk carriers at three Chinese shipyards, reports SinoShip News.

Dalian Shipbuilding Industry, Qingdao Beihai Shipbuilding Heavy Industry and Waigaoqiao Shipbuilding will be constructing the bulk carriers in question for Cara.

It is expected that the first carrier will be delivered in 2015, whereas the remaining carriers are planned to be delivered in 2016.

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Shipbuilding Tribune Staff, September 13, 2013