Zhuhai Port Shipping orders two bulkers at Wuhu Shipyard

Zhuhai Port Shipping orders two bulkers at Wuhu Shipyard

Zhuhai Port Shipping, the shipowning unit of Zhuahai Port Group, has signed shipbuilding contracts with Wuhu Shipyard for the construction of two 12,500 dwt bulk carriers.

The vessels will be used for domestic coastal shipping operations. Contract details were not disclosed.

At the end of 2017, Zhuhai Port announced a plan to raise $224m for the establishment of a bulker fleet. The net proceeds will be used to fund the acquisition of a total of 55 vessels including both newbuildings and secondhand vessels.

Zhuhai Port believes the fleet expansion plan fits its strategy to transform into an integrated logistics solution provider.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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