China Merchants inks USD 100 million lease deal for two bulk carrier newbuildings

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China Merchants Energy Shipping (CMES) is leasing two Newcastlemax bulk carriers on a 5-year charter at the cost of USD 100 million from sister company China Merchants Commerce Financial Leasing.

According to reports, the cost of building the two vessels (210,000 dwt) is close to $160 million.