Fujian Guohang axes livestock plans

Fujian Guohang axes livestock plans

NEEQ-listed dry bulk shipping operator Fujian Guohang Ocean Shipping has resumed stock trading following eight months of trading suspension.

The company had suspended stock trading since November 18, 2016 pending a large announcement.

Fujian Guohang explained that the company had planned to enter the livestock carrier sector as it saw opportunities from the increasing livestock import volume into China.

However, the company has now decided to give up on the project, as it couldn’t make any substantial progress after several rounds of negotiations with potential partners.

According to Guohang, the company’s concerns for the project included high investment costs and the long shipbuilding period required.

Currently Fujian Guohang operates a fleet of 38 bulk carriers.

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.

Related Posts