Sinotrans Shipping

In today's world, Sinotrans Shipping has become a topic of constant interest and debate. Whether due to its impact on society, its historical relevance or its influence in different areas, Sinotrans Shipping has captured the attention of academics, specialists and the general public. Over the years, the study and analysis of Sinotrans Shipping has been deepened, seeking to understand its causes, consequences and possible solutions. This article seeks to offer a general and complete overview of Sinotrans Shipping, addressing its different aspects from an objective and analytical perspective. From its origin to its implication today, the different facets of Sinotrans Shipping will be explored, in order to provide the reader with a deeper and more precise understanding of this topic of universal relevance.

Sinotrans Shipping Ltd.
中外运航运有限公司
Company typeState-owned enterprise
IndustryShipping and Logistics
Founded2003[1]
Headquarters
Hong Kong
,
People's Republic of China
Area served
People's Republic of China
Key people
General Manager: Mr. Li Hua[2]
Number of employees
653[3]
ParentChina Merchants Group (formerly Sinotrans&CSC Group)
WebsiteSinotrans Shipping Ltd.

Sinotrans Shipping Ltd. (Former stock code: SEHK: 368) is one of the largest shipping companies in China and a listed subsidiary of China Merchants Group headquartered in Hong Kong. It is engaged in vessel time and voyage chartering through its Dry Bulk Shipping and Container Shipping segments, alongside freight and container forwarding and container line services. The firm also provides shipping agency and fleet management services and ships liquefied natural gas, among other activities.[4]

Sinotrans Shipping was established in 2003[1] as a subsidiary of Sinotrans Limited, and was listed on the Hong Kong Stock Exchange in 2007 with an IPO price of HK$8.28 per share,.[5] Sinotrans Limited subsequently merged in 2009 with CSC to form Sinotrans-CSC.[6] A strategic merger of this new parent with China Merchants Group received approval from the State Council of the People's Republic of China in December 2015, and this resulted in the transfer (by April 2017) of Sinotrans Shipping to its current holding company.[7]

References

  1. ^ a b "History and Development". Retrieved 2018-12-06.
  2. ^ "Mr. Li Hua". Retrieved 2018-12-06.
  3. ^ "Interim Report 2018" (PDF). Retrieved 2018-12-06.
  4. ^ "Company Profile". Reuters. Retrieved 2018-12-06.
  5. ^ Sinotrans Shipping IPO Archived 2008-05-28 at the Wayback Machine
  6. ^ "About Us". Company Profile. Retrieved 2018-12-06.
  7. ^ Lee, Hong Liang (2017-04-11). "China Merchants, Sinotrans & CSC complete strategic reorganisation". Seatrade Maritime News. Retrieved 2018-12-06.
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