China Shipping and Shougang set up shipping jv

Shanghai: China Shipping has agreed to establish a shipping joint venture with one of China’s largest steelmakers, the Shougang Group.

The shipowner will hold a 51% stake, while the steelmaker will hold the remaining shares in the jv. The venture, which will boast a registered capital of 100m yuan ($14.60m), is expected to begin operations in March. Its main business will be to ship steel products from manufacturing facilities, including Shougang’s, to the country’s coastal regions and markets in Southeast Asia.

Read More


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: