Swire Shipping expands its MPP fleet
Swire Shipping, through its projects division, Swire Projects, has pushed forward with the expansion of its core operating fleet. The company has secures six multipurpose heavy lift vessels on a long-term charter with Nordic Project & Finance under undisclosed terms.
The long-term charters include four 12700 dwt and two 19600 dwt MPP vessels built between 2007 and 2011. The vessels will be delivered to Swire Projects from December 2021 as they complete their current charters.
“The addition of these MPP vessels is a significant leap forward in our plans and long-term strategy for expanding our projects business. We are looking forward to operating these vessels in the market and developing our service offering to the project sector,” said Namir Khanbabi, general manager, Swire Projects.
The company has only recently changed its name from China Navigation Company (CNCo) to Swire Shipping as as part of a strategy to streamline its brands.
The company offers multipurpose liner services through Swire Shipping for the global transportation of containerised, breakbulk, heavy lift and project cargoes, whilst its projects division provides specialist shipping services to the energy, resource and infrastructure sectors in the global project logistics market.
In January 2021, CNCo’s bulk shipping division became a standalone entity under Swire Bulk. In July 2021, Swire Shipping launched its landside logistics division to offer customers enhanced services such as customs clearance, inland transportation and cargo management solutions.
Following the renaming, Swire Shipping will continue to be focused on the Pacific, a geographical region that has been the backbone of the company’s growth. In August, the company embarked on the renaming of the vessels in its fleet.