Safargo Shipping orders post-panamax quartet at Tsuneishi Zhoushan

Safargo Shipping orders post-panamax quartet at Tsuneishi Zhoushan

Singapore-based Safargo Shipping has placed an order at Tsuneishi Zhoushan Shipbuilding for the construction of four post-panamax bulk carriers.

The four 99,000 dwt vessels are scheduled for delivery in 2019 and 2020 and will be used for grain shipping between China and the Americas.

Safargo Shipping is a joint venture between Chinese grain trader Shandong Bohi Industry Group and Shanghai-based ship chartering agency Vertical Horizon Shipping. The company currently controls two panamax bulkers, Valiant Spring and Valiant Summer, via financial leasing arrangements with Bank of Communications Financial Leasing.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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