Shanghai Shipyard Chairman Gu Tiquan presided at the launch of the Josefa, the last of the 35,000-ton carriers, accompanied by the Cuban ambassador in Beijing, Alberto Blanco, reports The Cuba Standard. Neither of the two sides has revealed the financial terms of the order by Cuba’s Empresa Importadora General del Transporte (EIGT), on behalf of Grupo Acemex, with Chinese state company China National Machinery Import & Export Corporation (CMC). The purchases are financed by China’s Eximbank. According to observers, the order for 10 35,000-ton handymax vessels is worth at least $250 million.