Shanghai Newseas Navigation acquires ultramax from Raffles Shipping

Shanghai Newseas Navigation acquires ultramax from Raffles Shipping

Shanghai Newseas Navigation, the shipping unit of Orient International Logistics Holding, has announced the acquisition of 64,000 dwt bulker  Ocean Leopard from Singapore’s Raffles Shipping.

The company paid a price of $15.52m for the 2013-built vessel.

According to VesselsValue, Raffles Shipping acquired the vessel, formerly the Star Vivian, just two months ago from compatriot company Norr Systems for a price of $14.8m.

Shanghai Newseas currently operates a fleet three supramax bulkers and one containership.

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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