Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Tianjin Marine offloaded to Hainan Airlines

Article-Tianjin Marine offloaded to Hainan Airlines

Tianjin Marine offloaded to Hainan Airlines

Shanghai: Tianjin Tianhai (Group) Co., the top shareholder of Tianjin Marine Shipping Co., plans to sell all its shares in the subsidiary to China's Hainan Air (Group) Corp, the Kaiji Press reports. Tianjin Tianhai will sell the 37.37% stake (18,408,852 shares) it holds for 200m yuan within three months. Tianjin Tianhai Group has multiple shipping companies under its umbrella, including Tianjin Marine, and evolves shipping business on the Japan-China and South Korea-China routes, among others. Meanwhile, Tianjin Marine operates services on Japan-Shanghai, Japan-Dalian and other routes, but , claims the Kaiji Press, it suffers from a 'stagnant business performance'. [01/02/07]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.