SHANGHAI International Port (Group) Co (SIPG) has announced it is considering investing in Shanghai Jinjiang Shipping, short-sea container carrier serving the coast and Taiwan Strait.
Shanghai port company SIPG considers stake in Shanghai Jinjiang ShippingSHANGHAI International Port (Group) Co (SIPG) has announced it is considering investing in Shanghai Jinjiang Shipping, short-sea container carrier serving the coast and Taiwan Strait.
Established in 1983, Shanghai Jinjiang Shipping posted a net profit of CNY75.64 million (US$12.1 million) and a revenue of CNY1.56 billion in 2013, reported Seatrade Global.
On the short-sea container shipping sector, SIPG owns Shanghai Haihua Shipping Co (Hasco), which provides container transport from China to Japan and south east Asia.