Nasdaq-listed Sino-Global Shipping America has signed bareboat charters for a couple of bulkers to service a new contract involving Chinese exports.
The company said it has brought in two handysizes of between 40,000 dwt and 50,000 dwt, both built in the 1990s.
Sino-Global has this month clinched a deal with Yunnan Jingyifeng Supply Chain Management (JYF) to jointly develop the business of exporting US products to China.
