Hong Kong: In his first on-the-record interview this decade as the boss of Mandarin Shipping, Tim Huxley, former broker turned shipowner, discusses new containership orders and plans to grow his firm Mandarin Shipping in an exclusive interview today with our sister title, Maritime CEO.
Having attracted backing from a number of well known shipping related investors, including industry heavyweights China Navigation and Wah Kwong, Mandarin has recently added to the two older containerships it acquired in early 2013 with an initial order for six 1,700 teu ships to be built at Ouhua Shipyard in China. The orders are sister vessels to the series on order at the yard by Mandarin shareholder China Navigation, who are also undertaking the supervision and have had considerable technical input.
Huxley, who also doubles as ceo of Wah Kwong, commented: “This sector has had limited investment over the past few years, particularly since the German KG market hit problems.”
For the full interview, click here. [03/10/14]