Chinese shipowner Zhongchang Marine acquired seven (7 )new dry bulk carriers through a financial leasing programme as shipping markets correct. Huang Shenghui led Zhongchang Marine has increased its fleet number to 17 bulk carriers. Zhongchang Marine fleet capacity increased from 430K DWT to 780K DWT.
Zhongchang Marine CEO Huang Shenghui observed positive outlook in shipping market after years of downturn. In 2017, Zhongchang Marine revenues increased to $60 million. Currently, Zhongchang Marine is listed on the Shanghai Stock Exchange.