Dry CargoGreater China

Ningbo Marine acquires handysize bulker

Chinese dry bulk operator Ningbo Marine has announced the acquisition of 2012-built handysize bulk carrier Shelduck through its subsidiary Zhejiang Tongli Shipping.

The 34,500 dwt was sold by Greek owner Seastar Chartering for a price of $9.5m. Ningbo Marine plans to rename the vessel ZJE 6.

The vessel will be mainly used for transporting coal for its parent company Zhejiang Energy.

Zheneng Tongli Shipping’s only owned vessel, 1986-built handy bulker Fu Xing 16, will be sent to scrap in December.

Ningbo Marine currently owns a fleet of 42 vessels made up of 25 bulkers and 17 feeder boxships.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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