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SIPG mulls investment in Shanghai Jinjiang ShippingSIPG mulls investment in Shanghai Jinjiang Shipping

Shanghai International Port (Group) Co (SIPG) announced on Friday that it is studying the feasibility of investing in a stake in Shanghai Jinjiang Shipping as part of the group’s business development plans.

Lee Hong Liang, Asia Correspondent

April 24, 2015

1 Min Read
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Shanghai-listed SIPG will continue with its further study on the acquisition plan on Shanghai Jinjiang Shipping, and the investment amount and percentage of ownership are yet to be specified.

Shanghai Jinjiang Shipping, established in 1983, is a short-sea container vessel operator with services mainly along China’s coastline and the Taiwan Strait.

In 2013, the container vessel operator posted a net profit of RMB75.64m and a revenue of RMB1.56bn.

On the short-sea container shipping sector, SIPG owns Shanghai Haihua Shipping Co (Hasco), which provides container transport from China to Japan and Southeast Asia.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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