Oceanbulk Books Capesize Quartet at Shanghai Waigaoqiao

CSSC Greek Oceanbulk Group has been linked to an order for four Capesize bulkers at Chinas Shanghai Waigaoqiao Shipbuilding, a wholly owned subsidiary of China CSSC Holding. The 180,000 DWT quartet is valued at USD 172 million, with Oceanbulk paying USD 43 million a piece, data from VesselsValue shows. The newbuilds are slated for delivery in 2019. Shanghai Waigaoqiao has already delivered two Capesize bulkers to the company earlier this year and is building three more 11,000 TEU containerships for the group. The boxships are expected to be delivered later this year. Petros Pappas-chaired group has nine bulkers in its fleet, with an average age of 6 years, and eleven newbuilds valued at USD 496.4 million. In addition, Oceanbulks fleet includes four containerships and 18 tankers. World Maritime News Staff