- Chinese dry bulk operator Ningbo Marine plans for fleet expansion.
- As a result it is to acquire a secondhand panamax bulker.
- Zhejiang Fuxing Shipping, a subsidiary is to operate the bulker.
According to recent news article published in Splash 247, written by Jason Jiang, Chinese dry bulk operator Ningbo Marine has good plans to expand its fleet.
What are the plans of Ningbo Marine
The vessel will be operated by Ningbo Marine’s subsidiary Zhejiang Fuxing Shipping to transport coal for domestic power plants.
Ningbo Marine has allocated RMB133m ($20.3m) for the acquisition.
At the end of October, Ningbo Marine also announced a newbuild plan to order three 50,000 dwt bulk carriers.
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Source: Splash 247
