Fujian Guohang Ocean Shipping (Group) Co.,Ltd. (Stock Code: 833171) has officially announced the establishment of a wholly-owned subsidiary in Singapore via its Hong Kong-based holding arm, marking a major step in its internationalization strategy.
As one of the world’s top maritime hubs, Singapore sits at the heart of global east-west trade routes and offers a robust ecosystem of shipping services — from chartering and agency to finance, legal, and alternative fuels. It also provides a favorable tax regime for maritime companies. These unique advantages make it an ideal base for Guohang’s overseas growth.
About the New Subsidiary
Registered capital: SGD 100,000
Scope: Dry bulk shipping, ship management, chartering, agency, investment, and maritime consulting
Ownership: 100% held by Guohang Ocean Shipping (Hong Kong) Holding Limited
The move aims to:
Deepen penetration into the fast-growing Southeast Asian (ASEAN) market
Leverage Singapore’s global connectivity to enhance fleet deployment and network reach
Elevate the company’s international brand presence and operational flexibility
In 2024, Guohang Ocean Shipping achieved revenues of RMB 936 million, up 5.12% YoY, and net profit attributable to shareholders surged 812.45% to RMB 22.66 million — a strong foundation for its global ambitions.
This new step underlines Guohang’s forward-looking approach to building global shipping resilience and competitiveness in a time of shifting trade dynamics.
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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