Shandong Shipping forms jv with Fleet Management

Shandong Shipping forms jv with Fleet Management

Chinese state-run shipping company Shandong Shipping has announced a plan to set up a 50/50 joint venture with Hong Kong-based shipmanager Fleet Management.

The joint venture will be focusing on shipmanagement, shipbuilding supervision and maritime consultancy.

Shandong Shipping says the joint venture will expand the company’s shipmanagement portfolio and save fleet operation costs.

Shandong Shipping currently operates a fleet of 35 vessels made up of 21 bulkers, 6 tankers and 8 LPG vessels.

Fleet Management is one of the world’s largest independent third-party shipmanagement companies with over 20,000 seafarers and over 450 vessels under management.

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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