Shanghai Zhengdong Shipping is fattening its fleet, taking delivery of one supramax after another. Three ships have been acquired in the last couple of months.
Two ten-year-old Sinopacific Zhejiang-built brothers, the 58,800 dwt Asia Emerald III, renamed Hg Brisbane, and its brother, Asia Emerald II, renamed Hg Sydney, have been bought from Hamburg Bulk Carriers for $8m each.
Shanghai Zhengdong is also listed taking on a ship sold by US-listed Genco. The 2007-built supramax Genco Normandy has been renamed Hg Melbourne.