Sinotrans Shipping will deliver 3 LNG carriers in the second half of the year
- Author:RITA
- Source:Sunny Worldwide
- Release Date:2019-04-20
Sinotrans Shipping recently said that in the first half of the year, the dry bulk shipping market continued to recover due to the continuous recovery of the world economy and the steady increase in international trade volume.
At the same time, the growth rate of capacity continued to slow down, the relationship between supply and demand further improved, and confidence in the industry increased significantly.
However, the company's dry bulk revenue declined in the first half of the year, mainly due to the adjustment of business strategy. The operating model was mainly based on rent, so the income declined, but the income was good. In the second half of the year, income will increase.
The company emphasizes that LNG is a clean energy source with broad development prospects. China is also increasing the use of LNG. In the future, the demand for LNG imports from China will be relatively strong.
Sinotrans will actively participate in LNG investment. The delivery of three LNG ships by Sinotrans in the second half of the year can bring considerable profits.
Sinotrans also said that the merger with China Merchants is being studied. Sino-US trade friction has little impact on Sinotrans. The company mainly operates Asian routes, while bulk cargo transportation is global.
At the same time, the growth rate of capacity continued to slow down, the relationship between supply and demand further improved, and confidence in the industry increased significantly.
However, the company's dry bulk revenue declined in the first half of the year, mainly due to the adjustment of business strategy. The operating model was mainly based on rent, so the income declined, but the income was good. In the second half of the year, income will increase.
The company emphasizes that LNG is a clean energy source with broad development prospects. China is also increasing the use of LNG. In the future, the demand for LNG imports from China will be relatively strong.
Sinotrans will actively participate in LNG investment. The delivery of three LNG ships by Sinotrans in the second half of the year can bring considerable profits.
Sinotrans also said that the merger with China Merchants is being studied. Sino-US trade friction has little impact on Sinotrans. The company mainly operates Asian routes, while bulk cargo transportation is global.