Wheelock Maritime Ltd. Orders Two Bulkers From China Corporation

The Wheelock Maritime International Limited of Hong Kong has placed an order with the China Corporation of Shipbuilding Industry of Beijing for the construction of two 27,000-dwt Lakes-fitted bulk carriers. These vessels will be built by CCSI's Dalian Shipyard and are due for delivery in 1983.

The contract between Wheelock Maritime and CCSI was channeled through International United Shipping and Investment Company Ltd., the joint venture shipping concern formed earlier in the year between The World-Wide Shipping Group and the China Corporation of Shipbuilding Industry and the China National Chartering Corporation to develop international shipping business. A letter of intent for the deal was signed recently in a brief ceremony in the board room of The World-Wide Shipping Group between J.L. Marden, chairman of The Wheelock Group, and Sir Yue-Kong Pao, chairman of International United.

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