News / Alibaba's Transfar Shipping cuts reliance on charters with vessel acquisitions

A Daisen. Credit VesselFinder.

08/06/2022

In an effort to improve the company’s performance and reduce its reliance on chartered ships, Alibaba-backed Transfar Shipping has acquired two 1,800 TEU newbuilding resales and a similar in-service vessel from Chinese liner operator StarOcean Marine for a total of $75m.

VesselsValue shows that the two ...

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