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Alibaba-linked Transfar readies for its largest fleet expansion

Singapore-registered, Alibaba-linked Transfar Shipping is gearing up for its most significant expansion to date.

Transfar at the beginning of last week received the newbuilt 1,800 teu container vessel A Goryu from Yangzijiang Shipbuilding, a ship bound for the transpacific, a trade lane the carrier is ready to add much larger tonnage to in the coming years, even while other new entrants retreat from the fast declining route.

Alphaliner is reporting Transfar is in the market to order 8,000 teu ships, with an eye on making them methanol duel fuel too. A Chinese yard is expected to win the order with the ships likely costing in the region of $115m to $120m each.

Transfar is owned by Chinese 3PL Worldwide Logistics, a company in which Cainiao, Alibaba’s logistics arm, bought sizeable stake in 2020. Alphaliner lists it as the 51st liner in the world today with a fleet about to break through the 17,000 teu mark.

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.
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