Xingtong Shipping has officially re-established its headquarters in Shanghai's Hongkou District, marking a significant step in the company’s strategic expansion and alignment with the city’s growing maritime and logistics industries.
The opening ceremony, held at the Sinar Mas Plaza in the North Bund, also featured the unveiling of Shanghai Xingtong Lianfa Shipping Co. and the signing of a new vessel construction contract, signaling the company’s commitment to strengthening its presence in Shanghai.
Founded in 2005, Shanghai Xingtong Shipping Co. is one of the earliest Sino-foreign joint ventures approved by the Ministry of Transport to engage in domestic waterway chemical goods transportation.
Over the years, the company’s fleet has steadily expanded, now comprising six operating bulk liquid chemical vessels and two under construction. With plans for two more vessels, the company’s fleet will soon total nearly 100,000 deadweight tons, further enhancing its market capacity.
The newly formed Shanghai Xingtong Lianfa Shipping is a joint venture between Xingtong Shipping and Xiamen C&D Supply Chain Logistics Technology Co.
The partnership leverages Xingtong’s expertise in the management and operation of international liquid cargo and hazardous chemical shipping, alongside C&D’s strengths in platforms and capital. Together, they aim to establish a robust global shipping network for the chemical industry.
At the ceremony, Xingtong also signed a contract to build two 25,900-ton methanol dual-fuel chemical vessels, which are scheduled for delivery by 2027.
These vessels, designed to meet international environmental standards and high-end customer demands, will play a pivotal role in enhancing Xingtong’s fleet capacity and strengthening its influence in global markets.
They represent the company’s push towards “greener, smarter, and more advanced” shipping solutions.
Xingtong’s decision to return to Hongkou District is seen as a strategic move that underscores the company’s recognition of Hongkou’s flourishing maritime ecosystem.
Hongkou has long been a central hub for high-end shipping services, housing over 4,600 maritime companies and accounting for 70 percent of Shanghai’s total shipping capacity.
The district is one of the most densely concentrated areas for shipping resources in China, offering a complete and integrated shipping industry chain.
Since the launch of its "Return to Hongkou" program, the district has introduced several support measures, including incentives for talent recruitment, healthcare services, education for employees' children, and comprehensive business support.
These efforts aim to help major enterprises, like Xingtong Shipping, successfully settle in Hongkou, fostering an environment conducive to long-term growth.
In response to Hongkou’s supportive business policies, Xingtong Shipping has relocated to Sinar Mas Plaza in the district.
The company plans to fully leverage Shanghai’s vast maritime resources, including talent, technology, finance, and insurance, to further strengthen its operations and competitive edge in the shipping industry.
Hongkou District will continue to implement its "Return to Hongkou" initiative, offering more precise, personalized services to support enterprise development.
By creating a more efficient and business-friendly environment, the district aims to solidify its position as a leading maritime and logistics center, ensuring that companies like Xingtong Shipping thrive in their new home.