Recently, Guangdong Qiongzhou Strait Ship Repairing was established with a registered capital of 50 million RMB, and its business scope includes ship repairing, ship refitting, harbor operation, etc.
Shareholder information shows that the company is held by Guangdong Zhanjiang Shipping and Hainan Strait Shipping with 55% and 45% of the shares respectively.
The Board of Directors of the Hainan Strait Shipping agreed to establish a ship repair company as a joint venture between the Company and Zhanjiang Shipping for the purpose of implementing the requirements related to the strategy of integration of port and navigation resources in the Qiongzhou Strait, enhancing the emergency rescue capability and safeguarding the safety of operating vessels.
The establishment of the joint venture company will help to enhance the emergency response capacity of passenger and ro-ro transportation in the Qiongzhou Strait, safeguard the maintenance of passenger and ro-ro vessels of the Company and its subsidiaries, effectively improve the efficiency of repair, and realize the synergistic development and optimization of the passenger and ro-ro business industry chain.
Public information shows that Zhanjiang Shipping Group was established in October 1953. The company integrates Qiongzhou Strait ro-ro transportation, port loading and unloading, warehousing, ship repair and construction, real estate development and operation, and water transportation and tourism in Zhanjiang Harbor and Bay.