New by name: China’s latest liner entrant makes waves
One of China’s latest entrants into liner shipping has a name to reflect its status.
Newnew Shipping is one of a host of new local container brands servicing the China – Russia tradelane.
Newnew is a subsidiary of Torgmoll, a logistics group, with Alphaliner reporting it has recently bought the 3,700 teu, 2007-built Northern Debonair for $15m from German interests. This is the third ship Newnew has bought in recent months and will serve on the company’s China- Baltic & Black Sea service. Newnew also has a China – Russia Far East service.
In the wake of war breaking out between Russia and Ukraine in February last year, most global liners pulled back from servicing Russia, but a host of new names have since entered the fray with rates reportedly highly elevated.
Thanks for posting the news on Russia China liner services Newnew. Although the war between Russia and Ukraine still persists, the launch of this service will help in sustaining the international trade and market. This is an important indicator that maritime industry can create a favorable environment towards peace and stability by providing scope for launching of new technologies and services.