On March 18, COSCO SHIPPING Investment Dalian, a subsidiary of COSCO SHIPPING Group, and Shanghai Linker Group jointly acquired the equity of Hainan Zhaogang Marine, and the three parties signed an equity transfer agreement.

This signing officially opened a new chapter for COSCO SHIPPING Investment Dalian to promote the collaborative cooperation of the LPG industry chain.

In recent years, COSCO SHIPPING Investment Dalian has been oriented towards promoting the development of the LPG industry chain, striving to build a first-class LPG end-to-end logistics service provider.
 
Hainan Zhaogang Marine was established in 1994, mainly engaged in domestic coastal LPG transportation. 

Through this acquisition, COSCO SHIPPING Investment Dalian's LPG fleet has a capacity of 9 ships, and another 2 5500 m3 LPG ships under construction, ranking the first echelon in China.
 
Source: Xinde Marine News Sarah Yu

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