Cardiff Marine opts for four boxships at Hudong-Zhonghua

Shanghai: George Economou’s Cardiff Marine has reportedly gone to Shanghai’s Hudong-Zhonghua Shipbuilding for four 8,500 teu containerships, paying just under $100m per unit.

The ships are due in 2013 from Hudong-Zhonghua’s new mega yard just north of Shanghai on Changxing island.

Cardiff Marine became the first Greek owner last week to receive full newbuild financing from a Chinese bank. The $74.2m loan from China Development Bank represented close to 70% of the $107m contract price for a 296,400-dwt VLCC at Shanghai Jiangnan Changxing Shipbuilding for delivery in 2011.
(Source:www.seatradeasia-online.com)