U-Ming signs for newcastlemax newbuilds in China

Taiwanese owner and operator U-Ming Marine Transport has signed for up to four newcastlemax newbuildings in China. The Far Eastern Group-backed company has contracted Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt bulk carriers, with options for two more. The order has been placed through U-Ming Marine Transport Singapore, with each ship costing … **Source:** Splash247 Read full article →