Simatech in for Wenchong container orders

Simatech in for Wenchong container orders

UAE-based boxship operator Simatech Shipping has signed an LOI for two plus two tier III 2,800 teu ships at Guangzhou Wenchong Shipyard in China according to brokers Braemar ACM. A price of around $31m per firm vessel has been reported.  

“Newbuild activity and enquiry certainly picked up in 2018 with particular focus in this sector and it will be interesting to see if many other liner operators follow suit in the coming months,” the broker noted in a weekly container report.

Simatech mainly provides feeder services in the Gulf, Indian Sub-Continent, Far East and East Africa. Its fleet today stands at 13 trading ships. 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts