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Shanghai Jinjiang Shipping News

14 Jul 2015

SIPG to Acquire 79.2% of Jinjiang Shipping

Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group, as well as a 31.2% stake held by Shanghai Jiushi Corporation. Shanghai Jinjiang Shipping, short-sea container carrier serving the coast and Taiwan Strait, is operating throughout East Asia. The company’s current fleet of 12 container ships, ranging in capacity from 764 TEU to 1,098 TEU, operates throughout Japan, China, Vietnam and Thailand. Established in 1983, Jinjiang posted a net profit of CNY75.64 million (US$12.1 million) and a revenue of CNY1.56 billion in 2013.

24 Apr 2015

SIPG to Acquire Jinjiang Shipping

Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container shipping company mainly engaged in China-Japan routes, as part of the group’s comprehensive development strategy. SIPG will continue with its further study on the acquisition plan on Shanghai Jinjiang Shipping, and the investment amount and percentage of ownership are yet to be specified. SIPG will conduct further study on an acquisition plan after a due-diligence investigation into Shanghai Jinjiang Shipping, a stock filing of SIPG said on 23 April. Shanghai Jinjiang Shipping, established in 1983, is a short-sea container vessel operator with services mainly along China’s coastline and the Taiwan Strait.

28 Jan 2013

Amos Shanghai Project Makes Strides

Shanghai based SpecTec office announces the successful signature of AMOS installation project to Shanghai Jinjiang Shipping Co. Ltd (referred to as JJ Shipping herein). The collaboration agreement was started in 2012, with an initial AMOS installation order of 8 ships. The installation project is about Maintenance, Purchase and Stock Control AMOS module: a user friendly application of AMOS Software aimed at centralizing the maintenance and purchase orders within the fleet, displaced in the different areas all around the world, and connected to the Company’s Head Office. The module keeps the Ships’ Stock items under control as well, guaranteeing a saving on purchase costs. SpecTec will install AMOS software on the 8 ships, scheduled for 2013.