JES Clinches Another Shipbuilding Contract

JES International Holdings, through its subsidiary Jiangsu New East Marine Equipment Co., Ltd, has clinched another contract for the construction of a Post-panamax bulk carrier plus options for another 3 similar vessels with the same design.

The value of the 95,000DWT bulk carriers, if all the options are exercised, shall be worth up to US$120 million. The contract and options are repeated orders from a European customer.

The delivery of the vessel under the contract is expected to take place in September 2015 whereas the delivery of the vessels under the options, if exercised, is expected to take place from November 2015 onwards.

[mappress]
JES, March 11, 2014