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Upstart Chinese carrier orders up to eight boxships amid Red Sea windfall

  • Chenxin Shipping beocmes the latest Chinese carrier to use Red Sea windfall profits to transition from slot sharing/vessel chartering to fleet ownership
  • The company joins other Chinese carriers capitalising on geopolitical disruptions, operating primarily in Middle East and Red Sea regions
  • The orders reflect broader industry focus on feeder boxships, with orders under 3,000 teu up 70% year on year amid ageing fleets and growing regional trade

  • News

A young Chinese carrier enriched by Red Sea trades has placed its first newbuilding orders as it pivots into shipowning

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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