Greater China

Hainan Strait Shipping to acquire port and shipping assets

Hainan Strait Shipping, the major ferry and roro service operator in Hainan, has announced that it is working on the acquisitions of a series of assets in shipping, port, and supply chain management sectors. Total value of the acquisitions will reach around RMB2bn ($314m).

The company said it plans to acquire the roro terminal in Xinhai port area of Haikou Port from its controlling shareholder Hainan Harbor & Shipping Holding Company, while other acquisitions are still in the planning.

Hainan Strait Shipping currently operates three passenger roro services, it handles about 38% of the cargo volume and 36% of passenger volume between Hainan Island and mainland China.

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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