GENERAL NEWS

China building Canadian bulkers

16 years ago

China’s Chengxi Shipyard has signed a $514 million contract with Montreal-based Canada Steamship Lines (CSL) to build 10 self-unloading bulk carriers.

The order is for three Panamax bulkers with an option for a further three, and two plus two handysize ships. The Panamaxes were priced at $55 million per unit and the handies at $46 million apiece. By going for geared ships, the price tag rises by around $16m to $18m per ship, CSL said.