China’s Xiamen ITG Group is expanding its fleet with bulk carriers and bunker tanker newbuildings.
The Shanghai-listed company said in a regulatory filing that it will be spending CNY1.07bn ($152m) to acquire two kamsarmax bulk carriers and order six new bunker tankers.
Xiamen ITG said subsidiary company China World Maritime 10 Shipping will be paying CNY 470m for two 82,000-dwt bulkers, although it did not disclose if the kamsarmaxes will be newbuildings or second-hand acquisitions.
