CMES Introduced  The New China Merchants Container Shipping

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In a significant move, China Merchants Energy Shipping (CMES) has announced its plan to control Antong Holdings, paving the way for the emergence of the new “China Merchants Container Shipping.”

On the evening of June 12th, CMES released an announcement titled “The Pre-Plan for the Restructuring and Listing of Sinotrans Shipping and Guangzhou China Merchants Ro-Ro Transport.” This restructuring plan signifies a major step forward in CMES’s strategy to split off its container shipping and Ro-Ro business for a potential listing.

Key Highlights

Restructuring Plan: Antong Holdings will issue shares to CMES to acquire 100% equity in Sinotrans Shipping Co., Ltd. (referred to as “Sinotrans Shipping”) and 70% equity in Guangzhou China Merchants Ro-Ro Transport Co., Ltd. (“Guangzhou Ro-Ro”). This transaction will effectively lead to the restructuring and listing of Sinotrans Shipping and Guangzhou Ro-Ro under Antong Holdings.

Market Impact 

Sinotrans Shipping: Currently operates 31 vessels with a total capacity of 48,280 TEU, ranking 34th in the global liner company capacity rankings.

Antong Holdings: Operates 83 vessels with a total capacity of 83,008 TEU, ranking 23rd globally and among the top three domestic trade container logistics companies in China.

Following the restructuring, CMES will concentrate on its core businesses of oil, dry bulk, and LNG transportation. This strategic realignment will enhance the company’s ability to respond to market changes effectively and drive high-quality development in the energy and bulk cargo sectors.

This strategic restructuring marks a significant milestone in CMES’s maritime market strategy, laying a solid foundation for future sustainable development. We look forward to CMES achieving greater heights in its new shipping journey, delivering more returns to shareholders and the market.

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Source: Xindemarine