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HNA Technology acquires bulker pair

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Logistics provider, HNA Technology, has purchased two bulk carriers as part of its business expansion.

Asian Eagle Shipping, a subsidiary of HNA Technology, will set up two companies Asia Prosperity Shipping and Asian Star Marine, to purchase the bulk carriers Bulk Harvest and Bulk Joyance at a cost of CNY145.5m ($22m) each from Puhang Finance Leasing.

The acquisition of the bulk carriers will expand the company’s industry chain and improve the competitiveness in domestic shipping market, said HNA Technology.

The two 176,000 dwt bulk carriers were constructed by Jinhai Heavy Industry in 2012, and have been deployed on the routes for China-Australia and China-Brazil.

HNA Technology is engaged in artificial intelligence, big data and cloud computing as well as maritime logistics. The company is now gradually shifting its focus from maritime logistics to the technology sector.

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