Chinese shipowner Tianjin Southwest Maritime has cleared away financial issues for a delayed order and now two long-completed VLGC newbuildings are set to join the trading fleet as spot rates in the sector struggle upwards towards break-even range.
Sources close to Guangzhou-based Tianjin Southwest told TradeWinds that the company has made an internal announcement that the last two in the owner's series at Jiangnan Shanghai Changxing Heavy Industry are set for delivery in early August.
