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Nanshan Group to enter shipowning

Shanghai: Nanshan Group, a multi-sector enterprise based in Shandong, is planning to enter the shipowning sector to support the coal shipping demand of its electric power unit.

Diao Gang, deputy general manager of FDR Financial Leasing, a unit of the Nanshan Group said at Asia Shipping Fortune Forum in Shanghai today that the group is planning to take advantage of low second-hand vessel prices and acquire around ten second-hand bulkers including pananmaxes, supramaxes and handysizes. The vessels will be used for transporting coal for the group’s power plants.

Nanshan Group is involved in various businesses including aluminum products, energy, textiles, tourism, education and real estate. It controls Shanghai-listed company Nanshan Aluminum.

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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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