CSSC Shipping expands dry bulk portfolio with 10 newbuilds

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CSSC Shipping, a Hong Kong-listed company, is expanding its dry bulk fleet with ten new 80,000 dwt bulk carrier vessels to be built in China. The $481 million contract involves Chengxi Shipyard and China Shipbuilding Trading, strengthening CSSC’s presence in the dry bulk shipping sector.

Hong Kong-listed CSSC Shipping has signed up for ten 80,000 dwt bulk carrier newbuildings in China in a CNH3.235bn ($481m) fleet expansion. The ship leasing arm of state-owned China State Shipbuilding Corporation has entered into contracts with Chengxi Shipyard and China Shipbuilding Trading, with Chengxi and CSSC Guangxi jointly responsible for the design, construction and …