Antong splashes out on new containers after abandoning Sinolines takeover

Source: VesselFinder

Antong Holdings, which owns Chinese liner operator Quanzhou Ansheng Shipping, has announced it will spend US$165 million to buy new containers, citing growth in the domestic liner market.

Antong said in a Shanghai Stock Exchange filing that it plans to buy a number of 40-foot and 20-foot containers for business growth and to replace old equipment. Tenders will be called to select suitable vendors.

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