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HNA Group to list shipmanagement entity

Shanghai Zhijing International Ship Management, a subsidiary of HNA Group, has applied to list on China’s National Equities Exchange and Quotations (NEEQ) in January.

Shanghai Zhijing, formerly Grand China Ship Management, has just completed a share restructuring resulting in HNA controlling a 64.27% stake of the company.

The company currently manages a fleet of 27 vessels, made up of 22 bulkers and 5 containerships, mostly built by HNA-affiliated Jinhai Heavy Industry. It also provides ship trial services to shipyards.

HNA aims to develop Zhijing into a third party shipmanagement company and is going to set up a special purpose investment entity to acquire the vessels in Zhijing’s fleet.

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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