ICBC Leasing Signed Six VLOCs Contract with Beihai Shipbuilding
ICBC Leasing orders six VLOCs at China’s Beihai Shipbuilding Heavy Industry on December 27, 2017. Totally, ICBC Leasing has orders 6+3 VLOCs at Beihai Shipbuilding and those vessels will be delivered from late 2019 to 2021.
The signing of the 325,000-ton LNG-ready ship will mainly transport iron ore from Brazil to Asia. Each vessel will cost about $ 75 million with 340 meters in length and 62 meters in width.
This contract is a part of the long-term contract of affreightment (COA) signed with Brazil’s Vale. Besides, the vessel also meets the IMO Tier III emission standards and will significantly reduce transportation costs compared to conventional ones.
Sources: Xinde Marine News
Editor: Carrie Zhu
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