Fleet size nearly hundred port group to integrate Yangtze River ports logistics assets

Following the successful international strategy of the Hong Kong Group (600018), Belgium Zeebrugge Wharf, the company's Yangtze River Strategy and a new initiative-the Yangtze River Port Logistics Co., Ltd. was unveiled yesterday in Shanghai.　　Yangtze River Company set up by the Hong Kong group wholly-owned, the management of assets mainly include fleets, port terminals, logistics parks, warehouses, agents, total assets of nearly 10 billion yuan.　　"Mr Chen, general manager of the Hong Kong group, said that the Yangtze River Company will form a set of shipping, logistics, dock resources as one of the network system and business model, to create a logistics service brand, committed to the development of excellence in logistics operators. Yangtze River Company operating fleet of nearly 100 vessels, container ship capacity ranked fifth in China, operating routes covering the entire Yangtze River basin, and with the world's major shipping companies to maintain long-term relations of cooperation.　　The Yangtze River Company operates the port resources including the Yangtze River Valley Chongqing, Wuhan, Jiujiang, Nanjing, Jiangyin, Changsha, Yibin and other major ports, and in some ports set up large logistics parks and warehouses. It is understood that the establishment of the Yangtze River Company is on the original and previously incorporated in the Yangtze River resources along the integration. These assets include Shanghai Shipping Co., Ltd., Jiangsu Airlines China International Shipping Agency Co., Ltd., Chongqing East Haven Container Terminals Co., Ltd., Wuhan Port Group Co., Ltd., Sichuan Yibin Port Limited liability company and other 18 enterprises.　　Before the Yangtze River each wharf company is dispersed, this time through the formation of the Yangtze River Company, to build a new platform, the point line to combine to be able to the Yangtze River Economic Belt for all customers to provide more rapid and effective, one-stop, point-to-point service. "Mr Chen pointed out that in the context of overcapacity in the Hong Kong shipping industry, the Hong Kong group must change its growth pattern to further strengthen structural adjustment and resource layout adjustment, and the formation of the Changjiang company is based on this consideration. At present, the Hong Kong group has successfully obtained the key strategic resources of the Yangtze River basin, the Yangtze River investment port development situation is good, the collection Sea company has become the Yangtze River shipping leading enterprise, the logistics network also preliminary formation, has formed the point, the line, the surface unifies the basic frame, provides the important strategic support for the Shanghai　　The company hopes to take the main line of shipping, logistics as the support, dock-backed operating mode, further adjust the Yangtze River Valley Business development model, expand the Yangtze River Port logistics market, enhance radiation capacity. It is revealed that at present, the management of the member companies and business relations will be integrated into the Yangtze River Company, after the assets and equity will gradually be incorporated into the Yangtze River Company.