[[{“value”:”
China Merchants Energy Shipping (CMES) has struck a lease deal for a pair of scrubber-fitted newcastlemax bulker newbuilds delivering in 2026.
The Shanghai-listed diversified shipping arm of China Merchants Group said in a filing it would be paying around $100m to take 210,000 dwt vessels on charter from China Merchants Financial Leasing for five years.
CMES has been renewing its fleet in several segments and currently has a large shipbuilding programme, either independently or in partnership with leasing outfits, that includes bulkers, car carriers, some of the largest LNG carriers, and the world’s first methanol dual-fuel VLCC.
The company, which has a series of newcastlemax bulkers on order at domestic yards, said that locking in a certain number of new vessels of the same type will help to cope with the future market supply and demand.
The post China Merchants signs for newcastlemax newbuild brace appeared first on Energy News Beat.
“}]]