Ningbo Marine eyes secondhand bulker purchase

Ningbo Marine eyes secondhand bulker purchase

Chinese dry bulk operator Ningbo Marine plans to purchase a secondhand handysize bulker for its subsidiary Zheneng Tongli Shipping.

The company said the subsidiary’s only owned vessel, 1986-built handy bulker Fu Xing 16, will be sent to scrap in December and the acquisition will help the subsidiary maintain its operating licence.

Ningbo Marine is looking to buy a vessel built after 2011 with capacity between 30,000 dwt and 40,000 dwt, and the company will allocate up to RMB130m ($18.4m) for the acquisition.

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

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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