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Sinotrans Shipping orders four boxships at CSSC Huangpu Wenchong

China’s Sinotrans Shipping has signed contracts with CSSC Huangpu Wenchong Shipbuilding for four 1,900 teu containerships.

Sinotrans said the “energy-saving” vessels were ordered at a price of $24.55m each, and were expected to be delivered in May, June, September and November 2017.

A 10% deposit has been placed by Sinotrans with the balance payable in four instalments.

Sinotrans said placing the order was down to the current relatively low construction cost. The energy-saving ships will enable the company to optimize the composition of its fleet while also expanding the capacity of its self-owned fleet to reduce ship chartering costs.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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