Shanghai International Port Group (SIPG), which operates most of the terminals in Shanghai port, plans to spin off its liner shipping subsidiary, Shanghai Jinjiang Shipping, intending for the latter to be separately listed on the Shanghai Stock Exchange.
SIPG said in a Shanghai Stock Exchange filing on 13 January the move will enable Shanghai Jinjiang, which had merged with affiliate Shanghai Hai Hua Shipping (HASCO) in mid-2020, to develop its shipping business.
Primarily an intra-Asia carrier,...
https://container-news.com/shanghai-international-port-group-to-spin-off-shanghai-jinjiang/