Dry CargoGreater China

Ningbo Marine to acquire panamax bulker

Chinese dry bulk operator Ningbo Marine has announced a plan to acquire a secondhand panamax bulker as part of its fleet expansion programme.

The vessel will be operated by Ningbo Marine’s subsidiary Zhejiang Fuxing Shipping to transport coal for domestic power plants.

Ningbo Marine has allocated RMB133m ($20.3m) for the acquisition.

At the end of October, Ningbo Marine also announced a newbuild plan to order three 50,000 dwt bulk carriers.

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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