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.
Japanese bulk carrier specialist Oshima Shipbuilding won an order today to build a 60,000 dwt bulk carrier for Jinhai Marine Inc.
Contract price for the new vessel is USD $29.1 million and delivery is planned for 31 March 2016. 70 percent of the contract value will be bank-financed according to Jinhai.
Upon delivery Jinhai notes that they intend to charter out the vessel.
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