Taiwan’s Franbo Lines has used the proceeds from an equity offering last week to book newbuildings at Japan’s Honda Zosen.
The deal ties the ambitious small-bulker specialist closely to diversified Japanese shipping company Exeno Yamamizu Corp at a number of levels and also gives Franbo’s business a more even mixture of shortsea trading and period-charter business, following the pattern favoured by many larger Taiwan owners.
Franbo’s
