Hong Kong shipping giant Wah Kwong launches JV for 12 new bulk carriers

Hong Kong-based Wah Kwong Maritime Transport, a family-owned integrated shipping company, managed by the third generation of the Chao family, has announced the creation of a joint venture, giving life to a new entity.

The shipowner Wah Kwong Maritime Transport has joined forces on October 9 with Yingxing Financial Leasing (HK) Co. Ltd to launch a new venture named Hua Xing Shipping Co., Ltd.

The joint venture will operate as a shipping investment platform and has ordered twelve (4+4+4) 64,500 dwt ultramax bulk carriers at Wuhu Shipyard.

According to a released statement in social media