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 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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