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.