China’s Zhonggu Logistics has struck a deal worth around $280m at Jinling Shipyard that will complete its newbuilding programme targeting 18 panamax boxships.
The Shanghai-listed logistics firm and ship operator has commissioned state-owned Jinling to build up to eight 4,600-teu containership newbuildings. The outfit is said to have paid around $35m each for the containerships.
By signing up for the eight-ship deal with Jinling, Zhonggu means it has ordered all 18 panamax containership newbuildings in a programme worth about $630m.
