China: Sinotrans CSC to Order 10 Supramax Bulkers from CSSC?

Sinotrans CSC to Order 10 Supramax Bulkers from CSSC

Rumor has it that one of Chinese biggest integrated logistics service supplier Sinotrans CSC is in talks with China State Shipbuilding Corporation (CSSC) on a deal comprising construction of 10 supramax bulkers, SinoShip News reports.

The order includes four 64,000dwt bulkers with two optional ones at CSSC Chengxi Shipyard followed by construction of four (2+2) 64,000dwt bulkers at CSSC Huangpu Shipyard.

The fact that Sinotrans CSC opted to hire CSSC for the previously announced fleet enlargement gig is said to be connected to a potential 17% tax rebate at the shipyard enabled by the government.

Sinotrans CSC is a large-scale modern corporate group with world-wide businesses in integrated logistics, shipping and shipbuilding industry.

[mappress]
Shipbuilding Tribune Staff, January 07, 2013