New Yangtze books Changhong newcastlemax pair

AI Summary

Chinese company New Yangtze Navigation has placed orders for two newcastlemax bulk carriers at Zhoushan Changhong International Shipyard, with deliveries expected in 2029. The ships are valued at approximately $80 million each and involve entities controlled by Jiangsu Xin Chang Jiang Group.

Chinese owner New Yangtze Navigation has ordered two newcastlemax bulk carriers at group-affiliated Zhoushan Changhong International Shipyard. The 212,000 dwt vessels are scheduled for delivery in 2029 and are being priced by market sources at around $80m each. New Yangtze and Changhong are both controlled by Jiangsu Xin Chang Jiang Group, making the deal an …