Dalian Port expands investment in alternate sectors

Dalian Port expands investment in alternate sectors

Dalian Port has announced that the board has agreed to make an RMB55m ($8.6m) capital replenishment into its subsidiary Dalian Jifa Shipmanagement Company to support its newbuild containership project. Jifa Shipmanagement currently operates five containerships.

Additionally, Dalian Port plans to inject RMB1bn ($156m) into Dalian Port Finance Company, and spend RMB5m to acquire full equity in Dalian Northeast Asia International Shipping Talent Market Company.

Dalian Port reported a net profit of RMB286.1m ($44.7m) for the first half of 2015, up 0.6% year-on-year.

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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