Alibaba affiliate Transfar Shipping is planning to order five newbuild 8,000 teu vessels for its Ali Express transpacific service.
Transfar believes it can compete for Alibaba’s business by shortening the Asia-US voyage time to 10 days, compared with 15 to 25 with conventional liner operators.
Transfar is said to be in discussions with Chinese shipyards to build the methanol-fuelled ships.
A Transfar official told The Loadstar the company was now thinking long-term.
“Freight rates have …
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