On May 28, Xingtong Shipping Co., Ltd. issued an announcement stating that its holding subsidiary Shanghai Xingtong Wanbang Shipping Co., Ltd. has signed a guarantee contract with Bank of Communications Shanghai Branch, providing joint and several liability guarantee for the fixed asset loan of 113 million yuan applied to the bank by its wholly-owned subsidiary Shanming Shipping (Hong Kong) Limited.
The announcement disclosed that the guarantee is intended to meet the production and operation needs of its wholly-owned subsidiary. The loan will be used to build a 13,800 DWT stainless steel chemical tanker, which will benefit the company’s international shipping business and is in line with the company’s overall interests and development strategy.
In mid-May, Xingtong Co., Ltd. announced that it had signed a guarantee contract with the Shanghai Free Trade Zone Branch of China Minsheng Bank Co., Ltd. (Minsheng Bank), providing an irrevocable joint and several liability guarantee for a RMB 119 million fixed asset loan applied for by its wholly-owned subsidiary, Xingtong Kairong Shipping Co., Ltd. (Xingtong Kairong), from Minsheng Bank. This loan is used to build a 13,000 DWT stainless steel chemical tanker.
In late April, Xingtong Shipping announced an investment of no more than RMB 732 million yuan to build four 13,000 DWT stainless steel chemical tankers for foreign trade, with a cost of no more than RMB 183 million per vessel.
According to its official website, Xingtong Shipping was established in December 1997 and primarily engages in the global waterborne transportation of bulk liquid dangerous goods, including chemicals, refined oil products, and liquefied petroleum gas (LPG).
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.