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CSIC strikes aggressive newbuilding deals amid market slump

State shipbuilding conglomerate wins $2bn of new orders, including 24 merchant ships placed by its shipowning unit CSIC Leasing. Many of these newbuildings have not yet secured charters as the largest shipbuilder in China battles headwinds to maintain a healthy orderbook

Lloyd’s List understands the newbuilding orders consist of 24 vessels, including very large crude carriers, aframaxes, medium-range tankers, newcastlemax and karsamax dry bulkers

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