Black Sea Tensions Lead Grain Buyers to Tap Baltic States
Baltic grain exporters are seeing a boost in demand as blocked supplies from the Black Sea region are spurring buyers to seek alternative sources.
British Virgin Islands-based firm Prosperity Investment Ltd has entered into an agreement today with China State Shipbuilding Corporation to build four, 64,000 dwt bulk carriers at CSSC’s Huangpu Wenchong shipyard for an aggregate consideration of USD $108 million, or USD $27 million per vessel.
Vessel deliveries are expected between 2015 and 2017.
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