Ningbo Ocean Shipping Plans Long-Term Charter of Two 7,000-CEU Ro-Ro Vessels

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Ningbo Ocean Shipping announced on October 8 that the company or its subsidiaries plan to enter into a long-term charter project for two 7,000-CEU roll-on/roll-off vessels with a financial leasing company, with a charter period of no more than 20 years and total charter fees not exceeding 480 million US dollars.

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Ningbo Ocean Shipping plans a long-term charter of two 7,000-CEU Ro-Ro vessels with total charter fees up to $480 million, a major fleet-expansion financing commitment.