- Shanghai Xingtong Lianfa Shipping Co., Ltd. has been formed as a strategic joint venture to enhance international liquid hazardous goods transport capabilities.
- Xingtong Shipping owns a 51% stake, while Xiamen C&D Supply Chain Logistics Technology holds the remaining 49%, with a focus on greener, low-emission shipping solutions.
- This venture strengthens China’s global maritime influence and aligns with decarbonization goals in the international shipping industry.
The establishment of Shanghai Xingtong Lianfa Shipping Co., Ltd. marks a pivotal moment in the expansion of China’s shipping industry. A collaboration between Xingtong Shipping and Xiamen C&D Supply Chain Logistics Technology, this joint venture is poised to capitalize on global shipping trends, focusing on sustainable and efficient operations in the hazardous goods transport sector, reports Xinde Marine.
A Strategic Partnership Takes Shape
The new joint venture is a product of Xingtong Shipping’s “1+2+1” strategic development model. With a registered capital of RMB 256 million, the ownership split sees Xingtong Shipping holding 51% and Xiamen C&D contributing 49%.
This collaboration aims to leverage China’s shipbuilding expertise and expand its presence in refinery and chemical exports.
Enhancing Market Competitiveness
Shanghai Xingtong Lianfa Shipping plans to combine resources and expertise. It is to strengthen its foothold in the international liquid hazardous goods transportation market.
The company’s operations will extend to passenger vessels, ship management, and cargo import/export services. It would enhance market adaptability and competitiveness.
Green Shipping and Decarbonization Goals
Aligned with global decarbonization trends, the joint venture emphasizes sustainable shipping practices.
With greener, low-emission vessels at the forefront, the partnership aims to lead the industry toward a more environmentally friendly future.
Expanding Global Influence
The establishment of this joint venture reflects China’s growing influence in the global shipping industry.
It represents a calculated response to the intensifying competition and positions both companies as key players in an evolving maritime landscape.
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Source: Xinde Marine
