Greater China

Fujian Shipping Group to be established

Guangzhou: Fujian Provincial Communication Transportation Group has started work to establish Fujian Shipping Group.

According to the plan, the group will integrate more than 40 shipping companies in Fuzhou, Xiamen, Hong Kong and Taipei with total assets of RMB5bn, including 45 vessels, and it will become the largest shipping group in Fujian.

Fujian Shipping Group will operate a bulk shipping business, container shipping business as well as a passenger shipping business between Fujian and Taiwan. The group also plans to develop a cruise business in the future.

The new group is expected to be established by the end of this year. [16/10/14]

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