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Shanghai Shipping Freight Exchange is the first electronic shipping freight exchange in the world. It has three lines of businesses, including International Dry Bulk, Domestic Coastal Coal, and International Container. The container freight derivatives were launched in 2011 and shortly became the most liquid container freight contracts.
Shanghai International Port (Group) Co., Ltd. (SIPG) is the exclusive operator of all the public terminals in the Port of Shanghai. It is a component of SSE 180 Index [ 1 ] as well as CSI 300 Index and sub-index CSI 100 Index .
In 1961 China established a state-run maritime shipping company and subsequently signed shipping agreements with many countries, laying the foundation for developing the country's ocean transport. That organization developed into the present-day China Ocean Shipping (Group) Company . The Chinese government also invested heavily in water ...
In 2007, the listed subsidiary floats its A share in the Shanghai Stock Exchange (SSE). [12] In 2007, China Shipping Group injected assets to another listed subsidiary of the group, China Shipping Haisheng (Chinese: 中海海盛), which is listed in SSE. [13] However, China Shipping Group sold China Shipping Haisheng in August 2015.
Companies such as the Shanghai Port Container Co. and Waigaoqiao Bonded Zone Port Co. were involved in port of Shanghai. [2] In 2010, Shanghai port overtook the Port of Singapore to become the world's busiest container port. Shanghai's port handled 29.05 million TEU, whereas Singapore's was a half million TEU behind.
The Shanghai Stock Exchange is the largest securities exchange in mainland China. It has total market capitalization of approximately $6.5 trillion, making it the fourth-largest exchange in the world.
The company was established by Shanghai Shipping Group as Shanghai Haixing Shipping Co., Ltd in May 1994. Haixing Shipping issued 1.08 billion H shares and was listed on the Stock Exchange of Hong Kong (SEHK) in November 1994. It quickly became the largest carrier of coal and crude in East China. [1]
Its subsidiary, China CSSC Holdings Limited (SSE: 600150), is listed on the Shanghai Stock Exchange, and in turn owns other subsidiaries including Shanghai Waigaoqiao Shipbuilding. [5] As of 2024, CSSC builds a third of all ships in the world, making it the world's biggest shipbuilding conglomerate.