BAL moves on pair of 14,000 teu newbuilds

BAL Container Line is assuming control of two ultra-large containership newbuildings worth about $290m. BAL’s parent company, LC Logistics, said in a Hong Kong Stock Exchange filing that the company had been novated contracts for a pair of 14,000 teu boxships at Jiangnan Shipyard in a deal with Lecang Fantasy worth around $58m, representing 20% …

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