Ningbo Ocean Shipping eyes $261m for new ships from IPO in Shanghai


Source: theloadstar.com theloadstar.com

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Ansheng Shipping dips its toes into long-haul waters in tie-up with CULines China’s second-largest domestic liner operator, Quanzhou Ansheng Shipping, has assigned 12 ships of over 20,000 ... Ningbo Ocean Shipping (NBOSCO), plans to raise around $261m in an IPO on the Shanghai Stock Exchange to expand its fleet of containerships and bulk carriers, and buy 10,000 teu of containers. The go-ahead for the listing came on Friday, although the decision to go for the IPO was made back in December 2020. Parent group Ningbo-Zhoushan Port, which is controlled by the Chinese government and oversees China’s second-busiest container port, holds...