Somalian Capital News

China Shipyard to Build New Sematech Container Ships

UAE-based Simatech Shipping has inked its first containership order after 8 years for up to four 4,350-TEU wide beam boxships with China‘s Taizhou Kouan Shipbuilding. The deal for the two firm orders and two optional vessels for delivery from the second half of 2015, marks a shift into a larger size of boxship for Simatech. Simatech chairman and chief executive Mohammad Maghami says the ships will be used in its existing China-India Services “the saving in bunker consumption was…