Ningbo Ocean maps $1.5bn eight-ship leasing expansion

China’s Ningbo Ocean Shipping is preparing another major fleet expansion, unveiling plans to lease eight new vessels under agreements carrying potential rental commitments of up to RMB10.3bn ($1.53bn). The Shanghai-listed carrier said the proposed programme covers four 7,000 teu containerships, two 14,000 teu vessels and two 7,000 ceu pure car and truck carriers, with lease … Read full article →