Zhongchang Marine faces delisting

Zhongchang Marine faces delisting

Shanghai-listed Zhongchang Marine is facing the risk of delisting from the stock exchange if it cannot get back to profit by the end of this year.

The company reported a net loss of RMB9.03m for the first three quarters of the 2015, having already suffered consecutive losses for the past two years.

Zhongchang Marine is currently planning a major restructuring deal and has suspended stock trading since August 18.

Zhongchang Marine is focused on the domestic market, operating a fleet with six bulkers with total capacity of 247,000dwt.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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