CSSC Chengxi Shipyard has signed a shipbuilding contract with Greathorse Group, a subsidiary of Tiger Group Investments (Hong Kong), to construct three 64,000dwt bulker plus three options which will be effective by the end of this year.
The vessels will be delivered in the second half of 2014, and industry sources estimate that the price for each vessel is between $25m and $26m.
Since April, Chengxi Shipyard has inked 16 bulkers including orders from Wah Kwong Shipping and Golden Ocean.
Greathorse has established a fleet of 17 ships, composed mainly of container ships, chemical tankers and bulk carriers.