Dalian: Dalian Port & Shipping Fund (PFS) was established in June last year. The RMB5bn fund focuses on logistics, shipping and port investments. In October, a chemical tanker firm, Dalian Hezhong Shipping, was formed by PFS. Hezhong acquired Shanghai Sanhan Shipping when it was established and will continue Sanhan’s liquid chemical focus.
In Wang Kunxiu, PFS has got the ideal person to navigate shipping investments. Her background includes stints as a senior manager at Shanghai State-owned Assets Management Co and deputy general manager at China Ship Fund Management. She has been involved in a number of major asset restructuring deals, surely something that will continue in the coming years as the shipping downturn continues to bite. The boss of the fund speaks to our new sister site Maritime CEO. You can read the interview HERE. [14/03/13]