Sumec Marine Sets Up Singapore Bulk Operations

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  • Sumec has set up Singapore bulk operation and is set to operate all vessels owned by Sumec Marine.
  • Sumec is the first oversee subsidiary company for shipping business.
  • Aimed to cooperate with shipowners from overseas to order the new building in China, develop the ship operation and ship management business.
  • Jiangsu is keen to provide technical expertise, ship asset investment, management and research in key areas.

Sumec Ocean Transportation has set up Singapore bulk operation and is set to operate all vessels owned by Sumec Marine, says a press release on their website.

New outfit

Chinese trading company Sumec Marine has set up a new outfit in Singapore. The subsidiary of state-owned enterprise China National Machinery Industry Corp (Sinomach) has established ship operator Sumec Ocean Transportation.

Newbuild orders

Sumec is the first oversee subsidiary company for shipping business. The company is aimed to cooperate with shipowners from overseas to order the new building in China, develop the ship operation and ship management business, have the Sales and Purchase business, and share the benefit of the appreciation of the ship asset.

Experienced investors

The management team of Jiangsu Tongzhou Capital Management Co., Ltd. consists of experienced investment and marketing professionals with extensive operational and technical expertise. Through raising social resources, Tongzhou Capital dedicates to developing ship asset investment and management and shares the investment benefits with our clients.

Research on key technologies

Jiangsu Modern Shipbuilding Technology Co., Ltd. is a company that carries out research on key technologies of advanced ship design and shipbuilding, to raise the technology of management, design, manufacturing in the shipyard and improving the quality and efficiency of shipbuilding.

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Source: sumec