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 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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