According to broker reports, China Development Bank Financial Leasing is linked to an order for up to ten Newcastlemaxes at Yangzijiang Shipbuilding.
The order is reportedly said to include five firm orders for 208,000 dwt bulkers plus five additional bulk carriers of the same size, according to Asiasis.
The ships are priced at around USD 47 million apiece, based on the market estimates, World Maritime News reports.
The delivery of the ships is expected to go ahead in the second half of 2019. Once delivered, the Newcastlemaxes would be hired by Cargill on a long-term charter.