Greater China

Sincere Navigation acquires new bulker

Taipei: Taiwanese shipowner Sincere Navigation is investing $63.8m for the construction of a 250,000 dwt dry bulk carrier at China Shipbuilding & Offshore International Co in an effort to expand its fleet.

The company said the payment will be made in five instalments between the signing and the delivery of the vessel. Sincere Navigation currently has another four bulkers under construction. [19/02/14]

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