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SEACON Shipping, a Chinese shipping and ship management services provider, has ordered two multi-purpose vessels from Huang Hai Shipbuilding for US$83.1 million as part of its fleet modernization programme to prepare for global expansion, reports Fort Lauderdale's Maritime Executive.
The Qingdao-based company plans to expand its services beyond China, with plans to launch operations in Greece, the Philippines, and Japan.
Seacon has ordered two 62,000 DWT ultramax dry bulk cargo vessels to be delivered in November and December 2024, at a cost of $41.5 million each, paid in installments.
Seacon has 21 vessels in the Chinese domestic market and manages a total of 206 vessels, boasting a combined carrying capacity of approximately 1.2 million DWT for its controlled fleet.
The recent listing of 125 million shares raised $44.3 million to support Seacon's fleet expansion, renewal, and new operating locations.
Over the past few years, the company has seen significant growth in revenue, nearly tripling from $135.6 million in 2019 to $372.7 million in 2021.
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