Subscribe to RSS feedSinotrans sets aside fund to expand fleet
by
Hui Ching-hoo, Hong Kong
—
last modified
Mar 29, 2010 01:15 PM
CHINESE shipping giant Sinotrans Shipping is planning nearly US$323m of capital expenditure in the next two years, including US$295.4m this year, the company confirmed last week.
The announcement came as Sinotrans Shipping general manager Tian Zhong Shan said the company was looking to further increase the size of its fleet.
Chairman Zhao Huxiang said the company had 10 vessels on order at Chinese shipyards.
Eight...
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