ShippingWatch

Chinese state giant separates bulk fleet

One of the two biggest Chinese shipping companies, China Shipping Group, spins off its bulk fleet, which is the fifth largest in the world, in order to streamline the company. The shipping company has ambitions of creating a “world class fleet”.

Shanghai-based China Shipping Group (CSG), one of the two biggest Chinese state-owned shipping companies, has registered its bulk fleet as a separate company in order to better integrate and streamline the company according to the China Shipping Group company.

The new company, China Shipping Bulk Carrier (CSBulk), will be a wholly-owned subsidiary company under China Shipping Development CSD, the flagship listed in Shanghai and Hong Kong by the CSG.

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