{"id":119262,"date":"2020-04-09T12:30:36","date_gmt":"2020-04-09T04:30:36","guid":{"rendered":"https:\/\/splash247.com\/?p=119262"},"modified":"2020-04-09T12:30:36","modified_gmt":"2020-04-09T04:30:36","slug":"sino-global-enters-dry-bulk","status":"publish","type":"post","link":"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/","title":{"rendered":"Sino-Global enters dry bulk"},"content":{"rendered":"<p>NASDAQ-listed Sino-Global Shipping America, best known for its ship agency business, is moving into dry bulk shipping, signing an agreement yesterday to buy a 75% stake in Shanghai-based Mandarine Ocean for $3.75m.<\/p>\n<p>Mandarine Ocean was founded in 2013 by Shanghai-based Kelin Wu. Mandarine Ocean currently has long-term contracts to operate 14 bulk carriers, six of which are owned by Wu, with the majority being handysize and handymax size.<\/p>\n<p>Lei Cao, CEO of Sino-Global, stated, &#8220;This is a milestone agreement for our company, which allows our business to expand when we have begun to see an increased level of economic activity now that challenges and delays created by the coronavirus have begun to wane in China. Trucking operations have resumed in China, which is leading to increased export cargo arriving at ports and ships are needed to handle the backlog of containers. We see this as an opportunity for Sino-Global and Mandarine Ocean to create a win-win scenario where we can utilize our relationships and expertise to grow their operations at an accelerated rate.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NASDAQ-listed Sino-Global Shipping America, best known for its ship agency business, is moving into dry bulk shipping, signing an agreement yesterday to buy a 75% stake in Shanghai-based Mandarine Ocean for $3.75m. Mandarine Ocean was founded in 2013 by Shanghai-based Kelin Wu. Mandarine Ocean currently has long-term contracts to operate 14 bulk carriers, six of &hellip;<\/p>\n","protected":false},"author":3,"featured_media":14424,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[57,77],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sino-Global enters dry bulk - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sino-Global enters dry bulk - Splash247\" \/>\n<meta property=\"og:description\" content=\"NASDAQ-listed Sino-Global Shipping America, best known for its ship agency business, is moving into dry bulk shipping, signing an agreement yesterday to buy a 75% stake in Shanghai-based Mandarine Ocean for $3.75m. 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Mandarine Ocean currently has long-term contracts to operate 14 bulk carriers, six of &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/\" \/>\n<meta property=\"og:site_name\" content=\"Splash247\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Splash247\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-09T04:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/splash247.com\/wp-content\/uploads\/2015\/03\/Bulker_at_sunset-e1620797827712.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"558\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sam Chambers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@http:\/\/www.twitter.com\/SamChambers\" \/>\n<meta name=\"twitter:site\" content=\"@splash_247\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sam Chambers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/\"},\"author\":{\"name\":\"Sam Chambers\",\"@id\":\"https:\/\/splash247.com\/#\/schema\/person\/162629ecfe26c4ed792bf3b78fabb6f8\"},\"headline\":\"Sino-Global enters dry bulk\",\"datePublished\":\"2020-04-09T04:30:36+00:00\",\"dateModified\":\"2020-04-09T04:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/\"},\"wordCount\":174,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/splash247.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/splash247.com\/wp-content\/uploads\/2015\/03\/Bulker_at_sunset-e1620797827712.jpg\",\"articleSection\":[\"Dry Cargo\",\"Greater China\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/\",\"url\":\"https:\/\/splash247.com\/sino-global-enters-dry-bulk\/\",\"name\":\"Sino-Global enters dry bulk - 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