China's Qingdao Beihai Shipbuilding Heavy Industry has bagged a newbuilding order for an eco-design capesize bulker.
Abu Dhabi-based Eships has taken advantage of the current low newbuilding prices to order a newbuild at the yard under the umbrella of state-owned China Shipbuilding Industry Corp.
Qingdao Beihai has inked one 180,000-dwt vessel for delivery in the second half of 2014. The deal is said to include an option.
Industry players say Eships is paying around $44m for the vessel.
Meanwhile, Eships’s order is said to be the shipyard’s first  newbuilding contract this year.