China Merchants restructures Sinotrans Shipping
In a proposed deal, Shanghai-listed China Merchant Energy Shipping is to acquire the dry bulk and LNG shipping businesses from privatised Sinotrans Shipping
Sinotrans Shipping runs a dry bulker fleet of 75 ships with 5.8m dwt in capacity, while also having a stake in five Arctic LNG carriers co-invested in with state-owned China LNG and Prokopiou-controlled Dynagas