Fenghai Shipping, based in Dongguan, Guangdong province, was one of the leading private liquid cargo ship owners in China. The company owned a fleet of 28 chemical and oil tankers totalling 300,000 dwt.
The company, registered in 2004, was declared bankruptcy in 2018.
Shanghai Chuanbo will jointly work out a restructuring plan for Fenghai Shipping with another party, according to Fenghai Shipping.
Shanghai Chuanbo Assets Management Company, was established in Shanghai free trade zone in 2015, focuses on assets management, investment management and industrial investment.
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