Zhonggu Logistics tipped to venture overseas

Zhonggu Logistics tipped to venture overseas

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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