German power provider RWE has tied up a 10-year 150mn tonne coal shipping deal with Chinese state-owned Shandong Shipping. As part of the deal, Shandong has ordered 10 new 180,000 deadweight tonne Capesize vessels, likely to be delivered in 2020-21, from Shanghai Waigaoqiao Shipbuilding. The vessels will be financed by Chinese lenders Bank of Communications Financial Leasing (Bocomm) and stateowned Huaying Leasing, with Silver Leasing and Chinachem Leasing also reportedly involved.
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