Shandong Shipping applies for listing on NEEQ

Shandong Shipping applies for listing on NEEQ

Shandong Shipping has announced that it has applied for the listing on National Equities Exchange and Quotations (NEEQ).

The controlling shareholder of the company, Shandong SASAC (State-owned Assets Supervision and Administration Commission) expects to use the raised funds to “ease financial pressure and make more efficient investments” it said.

Shandong Shipping currently operates 34 vessels, mostly bulk carriers and VLGCs, and by capacity is ranked the fifth largest operator in China after Cosco, China Shipping, Sinotrans & CSC and China Merchants Group. It entered the offshore sector in 2014, ordering four jackup platforms at Waigaoqiao Shipbuilding.

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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