BG Shipping lines up four ultramaxes in Chinese leasing deal

Hong Kong-based BG Shipping has lined up four ultramax bulk carriers at Jiangsu Soho Innovation & Technology Shipbuilding under a leasing arrangement with China’s Suyin Financial Leasing. The four-vessel project, adding a combined 256,000 dwt, marks Suyin’s first ship operating lease transaction, according to an announcement by the Chinese lessor. No contract value, lease duration, or delivery dates were disclosed.