Zhuhai Port to acquire two newbuild multipurpose vessels

Zhuhai Port to acquire two newbuild multipurpose vessels

China’s Zhuhai Port has announced a plan to acquire two newbuild 25,800 dwt multipurpose vessels to expand its bulk shipping business.

The two vessels will be ordered by a shipping joint venture, set up by Zhuhai Port and Dalian-based owner Success Network last year, and will be deployed to transport steel products between Dalian and Zhuhai Port.

Total investment for the two vessels will be RMB160m ($23.14m).

Zhuhai Port said the company will continue to grow its bulk shipping business by expanding its fleet.

Last week, Zhuhai Port announced a plan to raise $145m for fleet expansion.

 

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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