Shanghai: Shanghai-based Zhonggu Shipping has signed an agreement with Zodiac Maritime Agencies for the acquisition of a 4,117 teu containership YM Shanghai for $9m.
YM Shanghai was built in 1997 and will become the largest ship in Zhonggu Shipping’s fleet.
Zhonggu Shipping currently operates about 40 vessels and has another 10 vessels under construction at Zhoushan Wuzhou Shipbuilding. [16/09/14]
