Nanshan Group to enter shipowning

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.

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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