The new jv, tentatively named as Hai Kuo Shipping 1916B Limited, is to be registered in Marshall Islands, and aims to expand the fleet size and revenues of Shandong Shipping.
Shandong Shipping said the newly established Hai Kuo Shipping 1916B will bring positive impacts to the company’s fleet structure upgrading and financial results, the investment is in line with the company’s long-term development strategy.
Shandong Shipping currently operates the third largest bulk carrier fleet and the largest LPG tanker fleet in China.
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