Nanjing Shenghang Shipping acquires two chemical tankers

Nanjing Shenghang Shipping acquires two chemical tankers

Nanjing Shenghang Shipping has announced a plan to acquire two chemical tankers to further expand its fleet.

The company will use RMB76.5m ($11m) to acquire Yong Sheng Hua 7 from Zhoushan Yongsheng Shipping and spend another RMB79m ($11.4m) to buy Yong Cheng 58 from Zhoushan Yongcheng Shipping.

Nanjing Shenghang Shipping is an affiliate company of Nanjing Refinery Company, and mainly operates chemical shipping on Yangtze River and domestic coastal regions. It currently owns a fleet of 11 tankers with total capacity of 55,000dwt.

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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