Chinese international ocean freight carrier Zhejiang Ocean Shipping is the latest Chinese shipping interest to announce plans for a new shipbuilding phase to help drive its future growth in China and the world. Reports from the shipbuilding industry indicate this Chinese freight carrier has been at work setting up the funding and laying the ground work for the building and delivery of 10 new capsizes that will add significantly to the ability of this Chinese shipping company to deliver ocean freight in the future.
At present it has been reported that Zhejiang Ocean Shipping has a fleet of about 15 capesizes and panamaxes working the trade lanes of the world. 10 new capsizes will enhance the ability of this Chinese freight carrier to move dry bulk freight, but these 10 new capsizes most likely won’t be seen in the ports of the world until sometime in 2011 or beyond.
The shipping interests of Zhejiang province have been busy ordering new bulk freight carrier vessels to keep the business of freight moving in China. Last week, another Chinese shipping company doing business in Zhejiang province apparently put in an order for 21 new vessels to transport bulk freight. Does this mean Zhejiang province is preparing to put itself on the front line of China’s desire to lead the Chinese ocean freight carrier industry into the century of the environment? The shipping company in this case, Zosco, has a good reputation in the world of freight shipping and this expansion could be the first move in the international game of chess we call the freight shipping business.
If this is the goal of Zosco the company still has a long road ahead of it trying to spread its propeller-print around the world of freight. The current fleet of Zosco is going to need some help in this goal and the arrival of 21 new freight vessels is going to go a long way in helping Zosco achieve its future goals.