South Korea’s Dongjin Shipping breaks ground with first Chinese newbuild order

South Korea’s Dongjin Shipping has stepped outside its domestic market for its fleet expansion by ordering its first newbuilds from a Chinese yard. Brokers report the Seoul-based feeder operator has contracted Yangzijiang Shipbuilding for three 1,100 teu vessels in a deal worth about $70m. Each ship is priced at $23m, with deliveries scheduled between 2027 …

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