Greater ChinaTankers

Shanghai Xiangfa Shipping seeks new investor

Shanghai Xiangfa Dangerous Cargo Shipping & Stoarge Company is looking for new investors to restructure the company after it was declared bankrupt by a court in Shanghai in November.

Xiangfa Shipping mainly operates in chemical tanker shipping on domestic rivers, and has a fleet of 25 small tankers. It also operates a chemical terminal at Jinshan district of Shanghai.

The company is currently dealing with a number of court cases with creditors.

The potential investors are requested to submit an application to the company’s administrators before a deadline of February 15.

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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