Greater China
XIPG purchases four vessels
Shanghai: Xiamen International Port Co (XIPG) announced on 18 November that Xiamen Port Shipping – an indirect non-wholly-owned subsidiary of XIPG – has inked a purchase contract with Jiangsu Zhenjiang to acquire four new tug boats, which are due for delivery between December 2013 and January 2014. The total contract value is RMB110m. [19/11/12]