Chinese bulker operator Ningbo Marine has entered into a new contract with Zhejiang Zheneng Fuxing Fuel for coal shipping services.
The contract is for a period of three years and is an extension of a three-year contract the two parties signed in 2015.
Zhejiang Zheneng Fuxing Fuel is an affiliate company of Ningbo Marine's parent company Zhejiang Energy Group.
Ningbo Marine is currently under a major restructuring process in which it plans to acquire all the shipping assets of Zhejiang Energy Group.
Sources:sxcoal
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