Pengteng adds its seventeenth boxship

Pengteng adds its seventeenth boxship

Fast growing Chinese owner Qingdao Pengteng International Ship Management Co has added another boxship, taking the fleet of the 2016-founded company to 17 ships.

Pengteng has bought the 1,050 teu JR Shipping-controlled Evolution, and has renamed it Bal Boan. The ship has been fixed to Unifeeder for two to four months for trading in northwest Europe and the Baltic at EUR5,700 a day, according to analysts at Alphaliner. The vessel is then expected to move to Asia to be operated out of China.

Pengteng recently bought the 1,083 teu Munich Trader from Lomar Shipping. The ship has since been renamed Hai Hua.

Pengteng appeared in the container sector as a NOO in 2016. It has since expanded significantly, and now controls a fleet of 17 container vessels with capacities ranging from 600 to 1,800 teu, all traded in the charter market.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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