Ningbo Ocean to boost Southeast Asia operations with four more boxship newbuildings
- Shanghai-listed carrier said it will issue shares to targeted investors to order four new 2,700 teu boxships
- Newbuildings will be deployed on Southeast Asian routes for key market expansion
- Ningbo Ocean acknowledges risks of container oversupply but is opting for more owned tonnage
In latest spending spree, Ningbo Ocean Shipping bets on container demands in Southeast Asia as US tariffs and geopolitical tensions rewrite global trade routes
