Dry CargoGreater China

Ningbo Marine secures coal COA from Zhejiang Energy

Ningbo Marine has entered into a contract of affreightment (COA) with its parent group Zhejiang Energy for shipping services.

Under the deal, Ningbo Marine will transport a total of around 4.5m tons of coal from Newcastle, Australia to Zhoushan, China between October 1, 2020 and December 31, 2024.

Ningbo Marine will deploy its capesize vessel ZJE Ocean 1 for the contract, and expects to make a profit of $500,000 per year from the deal.

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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