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Shanghai Zhonggu Shipping continues fleet expansion

Shanghai Zhonggu Shipping is being linked as the buyer of 3,398teu containership Stadt Aachen for $7.1m. Broking sources reported the sale some weeks back, but no buyer was identified at the time.

Zhonggu Shipping has previously stated that it plans to acquire a handful of vessels this year, all of which will start operations between June and August. The Chinese outfit announced in the middle of March that it had acquired two containerships, one each from Singapore and Germany. Additionally, last month the company signed a shipbuilding contract with Zhoushan Changhong International Shipyard for the construction of a 2,500teu containership.

Zhonggu Shipping is one of the major domestic containership operators in China, controlling a fleet of more than 60 vessels.

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Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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