Zhonggu rolls out $700m boxship ordering plan
The investment is said to be part of the Chinese company’s strategy to seize the opportunity from China’s rising demand for containerisation of dry bulk shipments, such as coal
Supported by fast-growing intermodal networks, a containerised model is deemed as a cleaner and more efficient way to haul energy commodities and raw materials to the inland cities, to which China is shifting its manufacturing bases from the coastal area