Fujian Guohang Ocean Shipping to enter tanker sector

Fujian Guohang Ocean Shipping to enter tanker sector

Fujian Guohang Ocean Shipping, a company mainly operates dry bulk shipping business, has announced that the board has approved a proposal to establish a oil shipping arm in Tianjin.

The company will invest RMB30m ($4.7m) in the oil shipping arm, which will be registered in Tianjin Dongjiang Bonded Area.

Fujian Guohang reported a net loss of RMB134m ($21m) for the first half of 2015. The company attributed to loss to decline in ship charter business and reduction of capacity.

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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