Dry CargoGreater China

Ningbo Marine buys panamax bulker from Seacon

Chinese dry bulk operator Ningbo Marine has announced the acquisition of 2013-built 76,000 dwt panamax bulker Horizon Ruby.

The vessel was acquired from Seacon Shipping for a price of $14.62m, higher than VesselsValue’s valuation of $13.6m.

Ningbo Marine is currently in the middle of a fleet optimisation program. The company recently also ordered three 49,800 dwt bulk carriers at China Merchant Jinling Shipbuilding.

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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