Chinese freight shipping companies are apparently preparing to ship freight in greater amounts in the future as lately new ship orders from shipping interests in China have been going strong. Taiwanese shipping interest Taiwan’s Today Makes Tomorrow (TMT) has also been busy putting in new orders for kamsarmax bulkers that are apparently being built in Korea. Sources in the freight shipping industry indicate that TMT could be just getting started on ordering new ships and they have even been reported as looking at additional orders for handysize and kamsarmax vessels.
It has been hard to obtain any concrete information on TMT, since it’s a private firm that likes to keep things close to the corporate vest. The inability of shipping industry experts to obtain information on TMT appears to have created a cloud of doubt around TMT and its current plans. This doubt appeals to have resulted in some freight carrier professionals raising concerns about the financial status of TMT. TMT has been busy ordering lots of new vessels t drive its future growth and the doubt appears to be around the source of financing the company is sourcing to purchase this new round of vessels.
TMT has been going forward with its plans at a feverish rate, ordering new vessels from shipyards around the world in the past year or so. TMT appears to be convinced it will need new vessels to move the volume of ship freight its customers will have for it to transport in the future. Hopefully, TMT is right about the future and they see an increase in the demand for shipping services in the weeks and months ahead of the freight shipping industry.
Tags: moving freight, shipping freight