Franbo adds Japanese newbuild to growing MPP programme

AI Summary

Taiwan’s Franbo Lines is expanding its multipurpose newbuilding program by adding a $29 million vessel built at an undisclosed Japanese yard. This inclusion increases their MPP fleet to 12 ships, managed via the new vessel-owning entity Franbo Jade.

Taiwan’s Franbo Lines is taking its fast-growing multipurpose newbuilding programme back to Japan, approving a $29m vessel that lifts its MPP expansion slate to 12 ships. The Taipei-listed owner has cleared a 16,500 dwt Singapore-flagged newbuild at an unidentified Japanese yard through newly established vessel-owning vehicle Franbo Jade. No delivery date has been disclosed. The …