Evalend drops newcastlemax option at Dajin Heavy

Greek shipowner Evalend Shipping has been linked to the decision not to exercise an option for a fourth 211,000 dwt newcastlemax bulker at China’s Dajin Heavy Industry, removing a potential CNY525m ($78m) vessel from the yard’s order pipeline. Dajin disclosed that the option under a three-plus-one shipbuilding agreement signed in July had expired and that …