Xiamen Port sets up coal trading unit

Xiamen Port sets up coal trading unit

Xiamen International Port has announced a plan to set up a coal trading unit to diversify its business.

New subsidiary Xiamen Port Haiheng Industrial will be set up at Xiamen Port’s Haicang port area, which mainly handles bulk cargoes including coal and iron ore. The initial investment in the subsidiary is RMB10m ($1.48m).

Xiamen Port handles around 10m tons of coal each year and mainly serves the power companies in the hinterland region.

Xiamen Port believes the trading unit will create great synergy with the port business and fit the company’s future development and expansion strategy.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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