CHINA SHIPPING AND JUMBO SHIPPING ENTER HEAVY-LIFT CARGO ALLIANCE
China Shipping Group and Rotterdam-based Jumbo Shipping have formed an alliance in the Chinese heavy-lift cargo market.
The alliance is expected to strengthen China Shipping Group’s competitiveness in bidding for large-scale projects that consist of both heavy-lift project cargo and containers, the Chinese group said.
A joint venture, China Shipping-Jumbo Heavy-lift Co., Ltd. was officially launched in Shanghai on April 18, in conjunction with China Shipping Logistics Co., Ltd.
China Shipping Group has a 60-percent stake in the new venture.
Jumbo Shipping operates 11 specialized heavy-lift ships around the world, with the maximum single-ship lifting capacity of 1,000 tons.