Greater China

Ningbo Marine to order three bulkers

Shanghai: Ningbo Marine, a shipping division of Zhejiang Energy Group, announced that it plans to order three 50,000dwt bulk carriers at a domestic shipyard.

The company will invest RMB510m in total for the vessels which will be used for domestic coal transport.

Ningbo Marine reported a net loss of RMB5.13m in the first half of this year, narrowed from the net loss of RMB23m in the same period of last year. [11/09/14]

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