GENERAL NEWS

China building Canadian bulkers

Importer 16 years ago

The order is for three Panamax bulkers with an option for a further three, and two plus two handysize ships. The Panamaxes were priced at $55 million per unit and the handies at $46 million apiece. By going for geared ships, the price tag rises by around $16m to $18m per ship, CSL said.