Ningbo Ocean Shipping readies newbuild investments

Ningbo Ocean Shipping Co (NBOSCO) has revealed a fleet expansion plan, which is expected to see four newbuildings added to its fleet. The Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group has lined up up to $192m for a quartet of 2,700 teu vessels, with the shipyard yet to be selected through a bidding process. NBOSCO ranks …

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