Chinese state shipping group Sinotrans & CSC is moving to a new Pudong headquarters to bring CNY 35bn ($5.6bn) of assets under joint control.
Deputy general manager Li Jing said
"The new head office will be in the Pudong district in the first half of 2015.
Assets to be managed from there include Hong Kong-listed Sinotrans Shipping, Najning Tanker, China VLCC and CSC Ro-Ro Logistics."
Dry Bulk Shipping News - Shipbroker Notes