Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Longxue launches giant bulker for Baosteel

Longxue launches giant bulker for Baosteel

Guangzhou: Chinese steel giant Baosteel has announced that its first very large ore carrier, Renda, has been launched from new yard CSSC Guangzhou Longxue Shipbuilding without a hitch. The 230,000 dwt belongs to Haibao Shipping, a jv between Baosteel Resources and China Shipping Development Co.
In November 2008, Baosteel and China Shipping Group signed an agreement to authorize their subsidiary companies Baosteel Resources and China Shipping Development to co-finance and set up Haibao Shipping, part of Baosteel's efforts to take control of its own supply chain and be less of a victim of the sky high charter rates seen in recent years for bulkers.
Haibo Shipping will eventually own four 230,000 dwt ships and two 300,000 dwt ships. Renda will be officially commissioned in May 2010.  [18/03/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.