Nanjing Shenghang Shipping acquires chemical tanker

Nanjing Shenghang Shipping acquires chemical tanker

Chinese domestic tanker owner Nanjing Shenghang Shipping has announced the acquisition of 4,345 dwt secondhand chemical tanker Bao Feng Xiang from Nantong Gangzha Shipping Manufacturing for RMB52.8m ($7.76m).

Shenghang Shipping said the acquisition would further expand the company’s fleet to meet the growing business demand.

The vessel is the third chemical tanker the company has acquired in 2017 following the acquisition of Yong Sheng Hua 7 and Yong Cheng 58 from Zhoushan Yongsheng Shipping and Zhoushan Yongcheng Shipping respectively.

Shenghang Shipping currently operates a fleet of 10 chemical tankers including seven ocean tankers and three river tankers.

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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