Cape order at Qingdao Beihai

Dalian: Sources at China Shipbuilding Industry Co have confirmed that Bao-Island Enterprises has ordered a one plus one 180,000 dwt capesize deal at Qingdao Beihai Shipbuilding. The firm ship is due for delivery in 2015.

Bao-Island is a joint venture between steel mill Baosteel and Hong Kong’s Island Navigation, the latter controlled by the Tung family who also control containerline OOCL.  [10/12/13]

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