China Shipping to Build Two Ships

15 November 2009 (Last Updated November 15th, 2009 18:30)

China Shipping Development will pay $65.2m to build two 76,000t bulk cargo ships with China State Shipbuilding and the Jiangnan shipyard. The company will pay using a mixture of self-financing and bank loans. The bulk carriers will be delivered in September and October 2010 a

China Shipping Development will pay $65.2m to build two 76,000t bulk cargo ships with China State Shipbuilding and the Jiangnan shipyard.

The company will pay using a mixture of self-financing and bank loans.

The bulk carriers will be delivered in September and October 2010 and are expected to transport coal to the country's power plants.