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China Navigation completes build programme

The China Navigation Company Pte Ltd (CNCo), founded in Shanghai in 1872 and today headquartered in Singapore, has completed a four-year 41-ship building programme with delivery of the 37,800dwt bulk carrier Tunsin by Japan’s Imabari Shipyard in November 2016.

The programme consisted of 28 handysize bulk carriers of between 37,800 and 39,500 deadweight tonnes and 12 multipurpose vessels of between 22,000 and 31,000 deadweight tonnes, plus the 9,000dwt cement carrier Aotearoa Chief (8,252gt), which has recently begun a long-term charter in New Zealand with New Zealand’s Golden Bay Cement.

CNCo now owns, operates and charters a fleet of 86 vessels comprised of 26 multipurpose ships, four container carriers, 55 handysize bunkers and one cement carrier.

Although its own shipbuilding programme is over, the company plans to take delivery of an additional three long-term chartered handysize bulk carriers by the end of 2017. JS

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