News / Safeen Feeders and Saif Powertec to set sail on Bangladesh box trades

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While the fate of new entrants on liner shipping’s main east-west trades remains uncertain, due to the worsening freight rate environment, there are still opportunities for start-ups in niche trades.

This appears to be the thinking behind a recent deal between Abu Dhabi Ports shipping subsidiary Safeen Feeders and Bangladeshi firm Saif Powertec, which will see Safeen splash out $102m on three vessels for 15-year charters with Saif Powertec.

The vessels are set to be delivered to Saif Powertec in November and ...