On May 13, Xingtong Shipping Co., Ltd. (hereinafter referred to as “Xingtong Shipping” or “the Company”) issued an announcement stating that it has signed a guarantee contract with the Shanghai Free Trade Zone Branch of China Minsheng Bank Co., Ltd. (Minsheng Bank) to provide an irrevocable joint and several liability guarantee for the RMB119 million fixed asset loan applied for by its wholly-owned subsidiary, Xingtong Glory Shipping Co., Ltd. (Xingtong Glory Shipping), from Minsheng Bank.
The announcement disclosed that this guarantee is intended to meet the production and operation needs of Xingtong Glory Shipping. The loan will be used to build a 13,000 DWT stainless steel chemical tanker, which will help promote the company’s international shipping business and is in line with its overall interests and development strategy.
According to related news reports, Xingtong Shipping recently announced plans to invest up to RMB 732 million in the construction of four 13,000 DWT stainless-steel chemical tankers for international trade, with each vessel costing no more than RMB183 million.
Founded in December 1997, Xingtong Shipping primarily engages in the global maritime transport of bulk liquid dangerous goods, including chemicals, refined oil products, and liquefied petroleum gas (LPG), according to information on its official website.
As of the end of 2025, Xingtong Shipping operated a fleet of 40 vessels with a total carrying capacity of 501,300 deadweight tons. Its international routes spanned 47 countries and regions, calling at 214 ports worldwide, establishing a solid foundation for international operations.