Chinese tonnage providers expand fleet with newbuildings

A Chinese ship owner, Juhe Wisdom Technology (Zhejiang), is renewing its fleet.On 11 April, Juhe ordered six 4,350 TEU...
Hong-Da-Xin-718, source:VesselFinder

A Chinese ship owner, Juhe Wisdom Technology (Zhejiang), is renewing its fleet.

On 11 April, Juhe ordered six 4,350 TEU ships at mid-tier yard Taizhou Jianxing Heavy Industry.

The price was not disclosed, but currently, similar-sized newbuildings are priced around US$60 million each. A lesser known shipbuilder could possibly offer prices around 20% lower.

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