U-Ming signs for newcastlemax newbuilds in China
AI Summary
U-Ming Marine Transport of Taiwan has signed contracts with Jiangsu Hantong Ship Heavy Industry in China for up to four newcastlemax bulk carriers, indicating expansion in the company's shipping capacity and build strategy.
Taiwanese owner and operator U-Ming Marine Transport has signed for up to four newcastlemax newbuildings in China. The Far Eastern Group-backed company has contracted Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt bulk carriers, with options for two more. The order has been placed through U-Ming Marine Transport Singapore, with each ship costing …
Markets Deals Real Estate Shipping U-Ming Marine Transport newcastlemax shipbuilding Jiangsu Hantong bulk carriers China Taiwan