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Zhuhai Port Shipping successfully acquired Guangzhou Yue Gang Ao International Shipping


On March 25, Zhuhai Port Shipping successfully completed the acquisition of 60% equity of Guangzhou Yue Gang Ao International Shipping.

Guangzhou Yue Gang Ao International Shipping was established in 2018. It is engaged in container transportation and transfer business. Relying on the professional container logistics platform of Zhonggu Logistics, it is committed to building a river-sea transport network in Pearl River and Xijiang River.

Zhuhai Port Shipping has a registered capital of RMB 410 million. It is the largest professional shipping company with a state-owned background in Zhuhai.

By the end of 2019, the company has 22 3,000-ton inland multipurpose vessels, two 125,000-ton and two 20,000-ton coastal bulk carriers, 60-80 long-term chartered multi-purpose vessels, and own capacity of 120,000 tons, The total control capacity reached 400,000 tons.

Zhuhai Port Shipping will co-operate with the Guangzhou Zhonggu Logistics for domestic container shipping business in the Pearl River Delta. And through this equity cooperation, it will lay the foundation for future in-depth cooperation with Zhonggu Logistics in all aspects of business and strategy.

Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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