Tai Chong Cheang Group (TCC Group) is forming joint venture with Japan’s K Line in a capesize bulker
K Line and Tai Chong Cheang Group (TCC Group) jointly ordered a single 182,200-dwt bulker at Japan’s Imabari Shipbuilding. The agreement has been made under the banner of TK50 to celebrate the 50-year relationship between the two shipowners.
K Line chief executive Jiro Asakura said
“K Line’s long relationship with the TCC Group dates back to the 1960’s and has always been underpinned by three ‘ships’ – Friendship, Partnership and Relationship. The joint venture aims to pool the strengths and shared values of our two organizations to provide quality international bulk transport services for prime customers. It is our wish that the TK50 joint venture will be the platform, not just for cooperation in dry bulk shipping, but will also expand over time to other strategic areas.”
In today’s increasingly fragmented and commoditized shipping industry, closer collaboration between traditional shipowners would be so important in guarding and continuously improving the demanding standards of international shipping with a united voice.
TCC currently owns and operates a fleet of nineteen bulkers and crude oil tankers on the water and on order totalling 3mdwt.
Dry Bulk Shipping News - Shipbroker Notes