Nanjing Shenghang Shipping mulls IPO

Nanjing Shenghang Shipping mulls IPO

Chinese tanker owner Nanjing Shenghang Shipping has announced that the company is now planning an IPO.

Shenghang Shipping has already submitted an application with China Securities Regulatory Commission (CSRC) and has appointed Zhongshan Securities for listing guidance service. The company didn’t reveal the stock exchange it has chosen.

If the application is approved by CSRC, Shenghang Shipping will suspend its current stock trading on the National Equities Exchange and Quotations (NEEQ).

Shenghang Shipping mainly operates in the domestic petrochemical shipping business with a fleet of 12 chemical tankers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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