Greater China
Boxships for Yangfan
Shanghai: Bernhard Schulte and US banking institution JP Morgan have come together to order a series of medium-size boxships in China.
Zhejiang Yangfan Group will construct up to eight 2,300 teu boxships for the pair in a four plus four option deal with deliveries scheduled in 2014 and 2015. Pricing is thought to be in the region of $26.5m per ship. [12/10/12]