Greater China

Sinotrans Shipping eyes more new vessels

Hong Kong: Hong Kong-listed Sinotrans Shipping is going to acquire more ship assets in 2015 to continue its fleet optimization plan, according to Li Zhen, president of the company.

Li said the company will target newbuilds in the dry bulk sector and modern second hand vessels, adding that the company is looking for second hand small containerships under the age of five.

Meanwhile, Sinotrans Shipping will continue to scrap old vessels in the fleet.

Sinotrans Shipping currently runs 44 bulkers, 2 multi-purpose vessels and 9 feeder containerships. [29/01/15]

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