Greater China

Sinotrans Shipping eyes more assets from parent

Hong Kong: Hong Kong listed Sinotrans Shipping, which has acquired a series of assets in dry bulk shipping and container shipping from its parent Sinotrans & CSC Group, is looking to acquire more in the future.

Li Zhen, president of Sinotrans Shipping, said the companies it just acquired are expected to have good performances in the second half of this year, adding that the parent group plans to integrate the company as its dry bulk platform, and that the company might acquire more assets from its parent company in the future.

According to Li, Sinotrans Shipping currently has 10 vessels under construction and it will keep expanding the fleet according to the market demand. [06/08/14]

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