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Containers loaded onto Xinyi Glass ship Photo: Shaun Xie
China’s Xinyi Glass has become the latest shipper-turned-shipowner, with its 1,500 teu containership built by Jiangsu Dajin Heavy Industry.
The vessel, ordered in 2022, was delivered last month and will carry raw materials, semi-finished and finished products between Xinyi’s factories in Malaysia and China.
Xinyi produces glass products for the automobile and construction industries, counting Ford and Volkswagen among its customers. It said having its own ship would enable the company to control its shipping costs amid a resurgence in freight rates.
Vice-chairman ...
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R Subramani
June 23, 2024 at 2:47 pmWho is next in ….shipper turning shippine line ?