Zhonggu Logistics looks likes its ready to venture overseas. Parent Zhonggu Xinliang is a private company set up in its current form in 2003. It was previously a subsidiary of China National Cereals, Oils and Foodstuffs Corporation (COFCO), one of China’s state-owned food processing holding companies.
Zhonggu plans to float Zhonggu Logistics on the stock market through an IPO and with the delivery of a swathe of larger tonnage the containerline is being tipped by analysts at Alphaliner to go beyond its domestic network roots.
The company has just taken delivery of the bangkokmax Zhong Gu Nan Hai from local yard Jinling, the first in a series of six 1,908 teu ships, which Alphaliner believes could be deployed on the company’s first overseas routes.