XINGTONG Shipping Co., ltd. has recently announced two major initiatives to strengthen its presence in the international market, marking a significant step forward in its global expansion strategy.
New Joint Venture with Xiamen C&D Logistics
Xingtong Shipping has partnered with C & D Logistics to form a joint venture dedicated to liquid hazardous goods shipping. The RMB 256 million partnership, in which Xingtong holds a 51% stake, combines C&D’s strengths in capital and logistics with Xingtong’s maritime expertise. This joint venture aims to seize emerging opportunities in global liquid cargo transport while advancing green, low-carbon shipping solutions, aligning with Xingtong's "1+2+1" strategic vision for international growth.
Fleet Expansion with Six Advanced Chemical Tankers
In addition, Xingtong is investing up to RMB 1.4 billion to construct six state-of-the-art chemical tankers, including two methanol dual-fuel vessels and four stainless-steel tankers at 13,000 DWT each. This fleet expansion is designed to boost Xingtong’s capacity in the hazardous liquid cargo segment, enhancing its competitiveness and service quality in international markets.
With a current fleet of 35 vessels and 8 under construction（Data as of September 30）, XINGTONG Shipping Co., ltd.’s strategic combination of partnerships and newbuilds is driving rapid growth in its international operations. These developments reflect Xingtong’s commitment to a sustainable, globally competitive fleet, reinforcing its position as a significant player in the evolving landscape of international maritime trade.
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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