China Merchants Port Group established a new company!

Zhanjiang Port Group, a key subsidiary of China Merchants Port Group, has announced a strategic partnership with Sinotrans Chemical Logistics Co., Ltd. (Sinotrans Chemical) and Sinotrans South China Co., Ltd. (Sinotrans South China) to establish a joint venture.

This collaboration marks a significant step forward in enhancing the chemical logistics capabilities of Zhanjiang Port and boosting the region's multimodal transportation network.

The new company, Zhanjiang Sinotrans Chemical International Logistics Co., Ltd. (provisional name), will have a registered capital of RMB 207.2 million.

Shareholding Structure:
Sinotrans Chemical: 50% (RMB 103.6 million)
Zhanjiang Port Group: 25% (RMB 51.8 million, contributed through land use rights)
Sinotrans South China: 25% (RMB 51.8 million)

The partnership is designed to:
Enhance Logistics Efficiency: Create a state-of-the-art chemical logistics hub that serves the broader Southwest China region.
Leverage Expertise: Combine Zhanjiang Port Group's port operational capabilities with Sinotrans Chemical and Sinotrans South China's logistics expertise.
Promote Regional Development: Strengthen Zhanjiang's position as a key logistics hub in Guangdong Province, facilitating growth in the chemical and logistics industries.

This collaboration is a win-win for all stakeholders, enabling resource integration, operational synergy, and a more robust logistics network. It underscores the commitment of these companies to innovation and excellence in the logistics and port sectors.

by Xinde Marine News Pang Kai

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