A number of Chinese companies have been incorporated especially to take advantage of soaring hire rates in the overheated charter market.
The Loadstar has learned that since mid-2020, when the container market began booming, a few companies bought second-hand vessels, mainly feeder sizes, for long-term charter to liner operators.
One such entrepreneur is former shipbroker, Zhou Yupeng, principal at Shanghai Aoyang Shipping Service.
Through Hong Kong-registered Goship Group, Mr Zhou reportedly purchased the …

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Source: The Loadstar