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Ningbo Ocean Shipping to issue new shares for fleet expansion
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Ningbo Ocean Shipping to issue new shares for fleet expansion
Shanghai-listed regional carrier Ningbo Ocean Shipping Co. has announced plans to issue new shares to targeted investors. The capital injection aims to raise approximately USD 160 million to fund a new wave of fleet modernization and equipment procurement, according to DynaLiners. Capital deployment and new vessel orders The newly raised funds are earmarked for strategic capacity expansion, specifically targeting regional Asian trade networks: …
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