Recently, Xingtong Shipping successfully won the bid for the capital increase project of Hong Kong Xingyao Shipping Company Limited. Following approval from relevant authorities, Xingtong Shipping will steadily advance the equity change registration and related procedures.
Hong Kong Xingyao Shipping is currently a wholly-owned subsidiary of Xiamen Xiangyu Co., Ltd. Upon completion of this equity transfer, Xingtong Shipping will hold a 51% controlling stake in Hong Kong Xingyao Shipping through its wholly-owned subsidiary, Xing Tong Investment (Hong Kong) Co., Ltd.
Kong Xingyao Shipping’s core assets include the 13,000 dwt duplex stainless steel chemical tanker “XT FORTUNE”. The vessel was bareboat chartered to the company’s wholly-owned subsidiary, Xingyao Shipping Limited, in May 2025, and continues to steadily conduct international maritime shipping business.
The “XT FORTUNE” was completed in 2020 and is classed by Bureau Veritas (BV), allowing it to operate in unlimited navigation areas. The vessel is 133.23m long, 21.5m wide, and 11.5m deep, with a deadweight tonnage of 13,121. It features 16 duplex stainless steel cargo tanks, each with a single pump. Granted a green passport by the classification society, it is a high-end, eco-friendly stainless steel chemical tanker.
As a deepening and upgrade of the previous bareboat charter cooperation between the two parties, this equity cooperation will promote the construction of a multi-level cooperation model between Xingtong Shipping and Xiamen Xiangyu. Leveraging Xingtong Shipping’s core advantages in global bulk liquid dangerous goods maritime transport safety management, business development, and operational control, and Xiamen Xiangyu’s resources in shipbuilding, supply chain operation services, and supply chain finance, the two parties will work together to provide global petrochemical customers with higher-quality, more efficient and safer supply chain services.
Xiamen Xiangyu Co., Ltd. comprises all supply chain service subsidiaries under the Fortune Global 500-listed Xiangyu Group Corporation. It was restructured and listed on the Shanghai Stock Exchange on August 29, 2011 (Stock Code: 600057).
Adhering to the strategic philosophy of “Rooting in the supply chain, serving the industrial chain, and creating the value chain”, Xiamen Xiangyu relies on its “Xiangyu Digital & Intelligent Integrated Supply Chain Service Platform” to quickly respond to customer needs, integrate high-quality global resources, and provide diversified service portfolios. It customizes and delivers integrated supply chain solutions, striving to build a safe, stable, smooth and efficient industrial and supply chain system, as well as create a mutually beneficial and win-win value ecosystem. Currently, the company has established a supply chain service system covering bulk commodities such as agricultural products, energy and chemicals, metals and minerals, and new energy. Its business volume of core advantageous product categories ranks among the top in the industry.