China’s Zhejiang Zheshang Financial Leasing has contracted two ultramax bulk carrier newbuilds at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The 63,500 dwt units cost between $34m and $35m each, with delivery set for 2027. The order is backed by a bareboat charter to the Singapore-based arm of the Chinese state-run Zhejiang Shipping Group, which currently boasts a fleet of around 20 bulkers. Jiangsu Soho Chuangke Shipbuilding emerged under a new brand after previously being known as Sainty Shipbuilding. The yard in Yangzhou made a comeback to shipbuilding last year after a pause of about seven years with ultramax orders for China Development Bank Leasing, Jiangsu Ocean Shipping and George Procopiou’s dry bulk arm, Sea Traders. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });