According to a report from Taiwan's Shinsei Shipping, China Merchants Steamship plans to issue shares to purchase 100% of the shares of Shenzhen Changhang Ro-Ro logistics company under China Shipping, but the scope of the underlying assets has not yet been finalized. The China Merchants Steamship Company pointed out that the evaluation of the underlying assets by the appraisal organization has not yet been completed, and the transaction price of the underlying assets has not yet been determined. Therefore, the transaction case has not yet been officially released.
After the reorganization of China Eastern Airlines by China Merchants, the two major shipping companies have made substantive progress again. China Shipping Official Website pointed out that it is a shipping business operation management platform company established by Sinotrans & CSC Holdings. It is responsible for the centralized management and integration development of the Group's shipping business. As of now, it owns and controls a total of 12.2 million dwt of various types of shipping capacity. With an annual transportation capacity of over 150 million tons, the scale is the second largest in the mainland, and it is the only comprehensive shipping service provider that can realize the full-scale transportation of ocean, coastal and Yangtze rivers.
The source pointed out that as the two major central enterprises Investment Promotion Bureau and Sinotrans and CSC reorganized in 2016, Sinotrans CSC has been merged into the China Merchants Group, and the China Merchants Shipping and China Shipping under this transaction are both China Merchants. The acquisition of Chinese shipping assets by China Merchants Steamship Co., Ltd. shows that after the reorganization between China Merchants and China Eastern Airlines, it has taken a big step in business integration.
The China Merchants Investment Bureau originated from the Steamboat Investment Promotion Bureau during the Westernization Movement in the late Qing Dynasty. Currently, it is the mainland's central state-owned company that is directly under state management and listed in one of the four largest Chinese-funded enterprises in Hong Kong. Among its core businesses, shipping is characterized by oil tankers. Its A-share listed companies’ merchant shipping vessels operate the largest supertanker fleet on the mainland.
Since 2016, with the shipping industry dropping to a new low and the global shipping industry undergoing large-scale integration, China Merchants has reorganized SINOTRANS from the mainland, and two major shipping companies, COSCO and China Shipping, have formed COSCO Shipping and become the world’s largest shipping company. One of the companies. In July, COSCO Shipping also announced the acquisition of Orient Overseas, the world's seventh-largest container shipping company, with a total transaction amount of HK$49.231 billion.