The move has helped to create more motivation for domestic shipping companies to invest in new cargo vessels and renovate old ones to meet certain high-demand routes both domestically and internationally. In August, the International Gas Product Shipping JSC (GSP) purchased a 20,000 DWT oil tanker worth US$14.3 million. It is scheduled to receive another …

The post VN’s shipping lines gear up to meet high demand first appeared on Hellenic Shipping News Worldwide. Source