Wah Kwong aims to grow to 50-ship managed fleet by end of year

Wah Kwong Maritime Transport Holdings' shipmanagement business is booming, as it rides on the expansion of China’s state-backed lessors.

The Hong Kong-based player was managing 37 vessels as of early January, including 18 of its own ships and 19 owned by external clients, according to managing director Zhou Jian Feng.

“By the end of this year, our managed fleet will have more than 50 ships,” Zhou told TradeWinds.