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Sinotrans Shipping was established in 2003 [1] as a subsidiary of Sinotrans Limited, and was listed on the Hong Kong Stock Exchange in 2007 with an IPO price of HK$8.28 per share,. [5] Sinotrans Limited subsequently merged in 2009 with CSC to form Sinotrans-CSC . [ 6 ]
Sinotrans operates railway freight connections from four centers in China. The operation centers are in Guangzhou , Shenzhen and Dongguan in Guangdong , and in Changsha , Hunan . [ 6 ] The international railway freight network is an implementation of the Belt and Road Initiative .
A strategic merger of this new company together with China Merchants Group received approval from the State Council of the People's Republic of China in December 2015, and by April 2017 Sinotrans Limited (and its former subsidiary Sinotrans Shipping) had become direct subsidiaries of China Merchants Group.
Sinotrans Changhang, or Sinotrans&CSC Holdings, is the largest logistics company of the People's Republic of China, with further interests in shipping and shipbuilding.The group is state-owned and was formed in March 2009 by the reorganisation of two other state-owned enterprises, the China National Foreign Trade Transportation (Group) Corporation and the China Changjiang National Shipping ...
The standard carrier alpha code "NYKU" on an NYK Line container The Standard Carrier Alpha Code ( SCAC ) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long.
The U.S. stock market had been on track for a much worse loss at the start of trading on worries about how much pain U.S. companies would feel because of the tariffs. The S&P 500 was briefly down ...
The largest agents are Tianjin Penavico (天津外轮代理公司), owned by TPG, and Tianjin Sinoagent (天津船务代理有限公司), [87] a subsidiary of Tianjin Sinotrans. Agencies have fairly extensive obligations as intermediaries for most paperwork procedures involving TPG, ship operators, or government agencies, [ 88 ] as well as ...
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