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Evalend reported to decline newcastlemax option at Dajin Heavy
Dajin Heavy Industry said an option for a fourth 211,000 dwt newcastlemax bulker has expired, with Evalend Shipping linked to the decision not to exercise it.
Evalend Shipping has been linked to a decision not to exercise an option for a fourth 211,000 dwt newcastlemax bulker at China’s Dajin Heavy Industry. The move removes from the yard’s order pipeline a potential vessel valued at CNY525m ($78m).
Dajin Heavy disclosed that the option under a three-plus-one shipbuilding agreement signed in July had expired. The option was part of that shipbuilding agreement.
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