Tuesday, April 22, 2014 Shanghai International Port Group orders 4 newbuildsTsuneishi Group Shipbuilding has received orders for four 1,020-TEU ships from the Hong Kong-based subsidiary of state-owned Shanghai International Port Group. SIPG is active in port cargo handling and logistics at the Shanghai port. Two of the ships are scheduled for completion in 2016, while the other two are scheduled for 2017. The four ordered vessels feature the latest improvements in fuel efficiency, reducing fuel consumption and NOx emissions in compliance with new international regulations. Fuel injection is controlled electronically rather than by the conventional mechanical method. These four newly ordered vessels will be operated by Shanghai Haihua Shipping Co, a member of the SIPG Group. HASCO is a state-owned shipping company that handles regular container transport on shipping routes between China and Japan and between China and Southeast Asia. More Newswire stories Virginia Governor says APM wants out of port lease U.S. gives out $196.5 million to help boost ag exports Hampton Roads struggles to handle cargo from mega shipping alliances Chinese court seizes MOL container ship in dispute from WWII
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