Taiwan Navigation looks to bulk fleet expansion

Dry bulk shipowner Taiwan Navigation is looking to expand its fleet by taking delivery of four new ships this year and another four next year, according to chairman Liu Qingjin.

News ID: 70164

Date: 15 November 2016 - 09:13

The Taiwanese shipowner will take delivery of four new handymaxes this year, and four 82,000-84,000 dwt kamsarmaxes in 2017. All eight units are built at Japan’s Oshima Shipbuilding, MANA correspondent reported.

In view of the current low newbuilding prices, Liu was reported saying that the company is mulling the possibility of buying more new ships next year.

Taiwan Navigation currently boasts a fleet of 19 ships comprising of six panamaxes and 13 handymaxes, as well as two chartered-in cross-strait boxships.