Rihua yard delivers first newbuilding

Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is to be chartered out to NYK Global Bulk Corp., a subsidiary of Japan's Nippon Yusen Kaisha (NYK) group.

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