Dalian: Tianjin Marine Shipping announced that the company has received approved to issue 3.448bn new shares.
The raised fund is expected to be used to add new capacity and diversify the fleet.
Listed Tianjin Marine mainly operates container vessels to Japan and Korea and other nearby international routes. The company reopened inland trading routes in 2013 as the export market declined, and has also announced plans to enter the VLCC and LNG trades. [27/10/14]