China Handy Bulk Alliance established

China Handy Bulk Alliance established

Three Chinese handysize bulker owners Shanghai Changhang Shipping, Maple Leaf Shipping and Jiarong Marine have jointly established the China Handy Bulk Alliance (CHBA).

The members of CHBA says the alliance will improve the fleet efficiency and minimise market risk.

According to Wang Haifeng, general manager of Maple Leaf Shipping, the alliance will not create any monoply but an open platform, which welcomes more Chinese owners to join.

CHBA’s fleet will have 12 bulkers from Jiarong Marine, 13 bulkers from Maple Leaf Shipping and 5 vessels of Shanghai Changhang Shipping. Total capacity of the fleet is around 1m dwt.

In March, Shanghai Changhang Shipping, a subsidiary of state-run Sinotrans & CSC, formed a panamax bulker alliance with Shandong Shipping, SDTR Marine and Transcenden Global.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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