Shanghai Xingtong Lianfa Shipping Co., Ltd. has officially been established! This new venture is the result of a strategic partnership between Xingtong Shipping Co., Ltd. and Xiamen C&D Supply Chain Logistics Technology Co., Ltd.
On January 8, 2025, Xingtong Shipping announced the formation of this joint venture, marking a significant milestone in their ongoing expansion plans under the company’s “1+2+1” strategic development model. The collaboration aims to strengthen capabilities in the international liquid hazardous goods transportation market, with the ultimate goal of enhancing market competitiveness and industry influence.
The newly formed company, Shanghai Xingtong Lianfa Shipping, has a registered capital of RMB 256 million. Xingtong Shipping will contribute RMB 130.56 million to hold 51% of the joint venture’s shares, while C&D Supply Chain Logistics Technology will invest RMB 125.44 million for a 49% stake. This partnership will focus on capitalizing on the opportunities in the domestic refinery and chemical export sectors, leveraging China's shipbuilding industry strengths, and driving the transformation towards greener, low-emission vessels in line with global decarbonization trends.
The company was officially registered on January 6, 2025, and has already secured its business license from the Shanghai Hongkou District Market Supervision Administration. The joint venture will operate in a range of sectors, including international passenger vessels, bulk liquid hazardous goods transport, ship management, and cargo import/export services, further expanding its business footprint.
This partnership is more than just a merger of resources; it signifies a bold step for Xingtong Shipping in its global transportation ambitions. By pooling expertise and capital, the two companies are well-positioned to accelerate their international reach and capitalize on emerging market trends in the shipping and logistics sectors.
The establishment of Shanghai Xingtong Lianfa Shipping represents a fresh chapter in China’s growing influence on the global shipping stage. As competition in international shipping intensifies, this joint venture offers a strategic response to market challenges while positioning both companies as key players in the evolving global maritime landscape.
Xingtong Shipping continues to push forward with its international strategy, aiming to offer more efficient, safe, and environmentally-friendly services. With this new collaboration, the company is set to enhance its liquid cargo transport capacity, promote sustainable shipping practices, and ultimately contribute to the green transformation of the industry.
by Xinde Marine News Chen Yang
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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