BAL containers
Port of Long Beach

Chinese regional carrier BAL Container Line is taking over a pair of 14,000 teu ships from Jiangnan Shipyard for $290m.

The buy follows the sale of a similar pair to MSC for a $49m profit, four months ago.

BAL parent LC Logistics disclosed the deal in a Hong Kong Stock Exchange filing yesterday, noting that the order for the ships was originally made by Lecang Fantasy, a company owned by LC Logistics chairman and controlling shareholder ...

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