Chen Xingming, president of Fujian Xingtong Shipping, grew up in a small village near Quanzhou in the southeast of China. He started working on fishing boats when he was a teenager. In the early 1990s when the port development project started in Quanzhou, Chen earned his first pot of gold by investing in a few workboats to join the construction craze.
He established Fujian Xingtong Shipping in 1997 and gained approval to operate petrochemical shipping at domestic coastal ports and major river ports. Since then, Xingtong Shipping has started to develop a tanker fleet and also added oil spill response to its service portfolio.
Currently the company operates four product tankers, seven chemical tankers with a total capacity of over 40,000 dwt and more than 10 port workboats to mainly serve the petrochemical base at Meizhou Bay off Quanzhou.
Quangang Petrochmical Industrial Park in Meizhou Bay is a major petrochemical base in south China. According to Chen, the industrial park has commenced operations of a dedicated railway this year, which has further expanded the hinterland of the port.
Chen is also looking to expand the company’s network by applying to operate Hong Kong and Macau routes.
“Although the ongoing crisis in the shipping industry has brought challenges to our operations, I’m still confident with the future of our business as the development of our major hinterland – Meizhou Bay petrochemical base still looks promising,” Chen says.