Shanghai: A subsidiary of Singapore-listed shipyard Yangzijiang Shipbuilding has set up a shipmanagement subsidiary in Shanghai’s free trade zone.
Shanghai Run Yuan Shipping Management is a subsidiary of Singapore-based Yangzijiang Shipping. The company currently manages five vessels owned by Yangzijiang Shipping.
The free trade zone, which opened last September, is courting international shipmanagers to set up shop as part of Shanghai’s efforts to become a fully fledged maritime hub by 2020. [13/05/14]