Hainan Strait Shipping to acquire port and shipping assets

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 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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