News / China’s StarOcean sells box ship newbuilds as Russian players seek tonnage

© Vladimir Serebryanskiy

Chinese feeder operator StarOcean Marine, which ordered 26 newbuildings during the Covid-fuelled boom years, has sold all but five of them.

Also known as Goto Shipping, Ruiyang Shipping and Qingdao Pengteng International Ship Management, StarOcean has concluded newbuilding sales to Japanese feeder operator Imoto Lines and Russia’s Fesco, among others.

In June, Imoto purchased three 2023-built 1,096 teu vessels StarOcean had commissioned at Kyokuyo Shipyard, for $26m each.

Of the eight 2,450-2,500 teu newbuildings StarOcean had ordered at Zhoushan Changhong International Shipyard, five have been sold. Three ships were sold to Fesco while ...