Greater ChinaTankers

Shenghang Shipping applies for Shenzhen IPO

Chinese domestic tanker shipping operator Nanjing Shenghang Shipping has applied with the China Securities Regulatory Commission for an initial public offering on Shenzhen Stock Exchange.

The company is looking to raise RMB500m ($71.4m) from the IPO. The proceeds will mainly be used for the acquisition of five tankers and investment on a big data project.

The company terminated its listing on China’s National Equities Exchange and Quotations (NEEQ) in August 2018.

Shenghang Shipping is focused on petrochemical product shipping in the domestic coastal and river markets, currently operating a fleet of 17 tankers with a total capacity of 106,700 dwt.

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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