Financial Ports

Ningbo Ocean bets $480m on LNG car carriers: what’s behind the gamble?

CLAVE 1 / 4Ningbo Ocean Shipping plans to lease two 7,000-ceu LNG dual-fuel car carriers under a long-term deal.

CLAVE 2 / 4Potential rental payments could reach $480m over a 20-year period.

CLAVE 3 / 4The proposal requires shareholder approval, with a vote scheduled for October 26.

CLAVE 4 / 4Ningbo Ocean entered the car carrier market just two months ago with the Clean Star, chartered at $80,000 per day.

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