Quanzhou Ansheng Shipping

Chinese domestic carrier Antong back in business and buying containers

Chinese domestic container shipping and logistics group Antong Holdings is resuming capital investments after emerging from state-led restructuring last year.
The group said in a Shanghai Stock Exchange filing yesterday its subsidiary, Quanzhou Antong Logistics, is buying 3,055 second-hand containers from Tianjin Dongjiang Eaton Leasing, a subsidiary of Aviation Industry Corp of China (AVIC), to meet rising demand amid the unprecedented spike in freight rates.
The acquisitions includes 1,883...

https://theloadstar.com/chinese-domestic-carrier-antong-back-in-business-and-buying-containers/

Antong continues recovery with Q1 profit

Antong Holdings, the parent company of China’s second largest domestic liner operator Quanzhou Ansheng Shipping, has released its Q1 figures, with a CNY43.76 million (US$6.66 million) net profit, compared with a CNY121.28 million (US$17.08 million) net loss in Q1 2020.

Revenue was up 58% to CNY1.29 billion as business picked up amid a recovery in demand for container shipping.

The results show the group is on the road to recovery. In December 2020, Antong completed a year-long government-led restr...

https://container-news.com/antong-continues-recovery-with-q1-profit/

CULines executing more Asia-Europe services

The success of China United Lines’ one-off Asia-Europe service was such that the carrier will add more sailings after its first service was sold out in February.

CULines’ first Asia-Europe trip saw the Chinese carrier chartering the 2,702TEU Laila, arranged in collaboration with Xstaff, a German-based purchasing train for European do-it-yourself and supermarket chains.

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https://container-news.com/culines-executing-more-asia-europe-services/

Antong gets US$688 million cash injection

Fujian Zhaohang Logistics, the government-led entity that is restructuring struggling Chinese domestic liner shipping group Antong Holdings, has, with 12 other Chinese investors, injected CNY4.53 billion (US$688 million) into the company.

Of the funds, CNY1.35 billion (US$205.24 million) came from Fujian Zhaohang, a joint venture between China Merchants Port Holdings, AVIC Trust and Quanzhou’s municipal government.

Following the cash injection, Antong’s next step will be to implement...

https://container-news.com/antong-gets-us688-million-cash-injection/

Chinese investment company acquires Antong assets

A privately owned Chinese investment management company has acquired part of Antong Holdings’ cold chain operations and a ship from the struggling liner operator after an auction on e-commerce site Taobao.

In a filing to the Shanghai Stock Exchange, Antong said that Shenzhen Qianhai Hanghui Investment Management Company (a literal translation of the Chinese name) had acquired all the assets of Southeast Cold Chain Storage and Guangxi Changrong Shipping after the auction closed on 24 October.

https://container-news.com/chinese-investment-company-acquires-antong-assets/

Government-backed JV to restructure Antong Holdings

Quanzhou Municipal Government has formed a joint venture, with Chinese state-owned entities, China Merchants Port Holdings (CMPH) and AVIC Trust, to restructure the financially strapped Chinese liner shipping group Antong Holdings.

Antong Holdings, parent of Quanzhou Ansheng Shipping, said in a filing to the Shanghai Stock Exchange that Fujian China Merchants Ports Logistics Management Partnership (the literal translation of the Chinese name) has submitted a restructuring proposal to its...

https://container-news.com/government-backed-jv-to-restructure-antong-holdings/

Xiamen Port to build automated terminal for ULCS’s

Xiamen Port Authority has disclosed that China’s Ministry of Transport and Communications has given the green light to develop what will be the first automated terminal in Fujian province.

The project, tentatively called “Pier No. 5” will be developed in the Xiang’an Port Area. The berth is intended to accommodate ultra-large container ships (ULCS), with an annual throughput capacity of 910,000TEU.

Xiamen Port Holding Group, which will operate the terminal, stated that the berth will have a...

https://container-news.com/xiamen-port-to-build-automated-terminal-for-ulcss/