Independent journal on economy and transport policy
16:15 GMT+2
China firms placing panamax orders with Japan yards
(Shipping Times)
September 9, 1998
[LONDON]
China's two largest shipowning companies are defying the slump in the dry cargo market and ordering panamax bulk carriers from shipyards in Japan.
Taking advantage of the weak value of the Japanese yen, China Shipping Group, China's second largest shipowner, has ordered six Panamax bulk carriers in a deal worth close to US$129 million (S$225.7 million), ...... Read more on Shipping Times
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