Seacon Shipping grows owned fleet by 40% in less than a year

Seacon Shipping Group of China has embarked on a rapid expansion of its owned tonnage, growing the fleet by more than one-third in less than a year to around 30 vessels, despite being best known as a manager.

Seacon president Guo Jinkui told TradeWinds that the quick growth came from it acquiring seven secondhand bulkers and taking delivery of two ultramaxes from Nantong Xiangyu Shipyard and a kamsarmax from Huangpu Wenchong Shipbuilding.