Qingdao owner rapidly builds up box fleet

Qingdao owner rapidly builds up box fleet

Chinese owner Qingdao Pengteng International Ship Management has been on a boxship buying spree. Alphaliner is reporting the Chinese owner has taken three feeders from Taiwan’s Formosa Plastics Marine Corp – FPMC Container 6, FPMC Container 7 and FPMC Container 8 – and since renamed them Acacia Leo, Acacia Virgo and Acacia Libra.

The Qingdao-based company has also taken two 607 teu ships from Japan’s Kotoku Kaiun. The Padma and the Consistence have now been renamed with Penteng’s Zodiac inspired nomenclature as Acacia Aries and Acacia Taurus. These five ships are aimed at the hot boxship charter market, Alphaliner reckoned.

Pengteng made its first containership foray in 2016. It now has nine boxships on its books ranging in size from 600 teu to 1,550 teu. Cosco, APL and HMM are among the big liner names who charter from Pengteng. 

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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