Shandong Shipping has signed an agreement with CCB Financial Leasing, the financial leasing arm of China Construction Bank, to provide financing for ten 82,000dwt bulkers.

SDTR Marine, the joint venture between Shandong Shipping and Singapore’s Transenden Global, ordered six 82,000dwt bulkers with four options at Sinotrans & CSC affiliated Jinling Shipyard in 2014 at a price of $28m each.

The construction of the vessels started in July this year and deliveries are scheduled between 2016 and 2018.