Recently, Xingtong Co., Ltd. successfully won the bid for the capital increase project of Hong Kong Xingyao Shipping Co., Ltd. Subsequently, after obtaining approval from relevant departments, it will steadily advance related work such as equity change registration.
Hong Kong Xingyao Shipping Co., Ltd. is currently a controlled subsidiary of Xiamen Xiangyu Co., Ltd. After the completion of this equity change, Xingtong Co., Ltd. will hold a 51% controlling stake in Hong Kong Xingyao Shipping through its wholly-owned subsidiary Xingtong Investment (Hong Kong) Co., Ltd.
The core asset of Hong Kong Xingyao Shipping includes a 13,000 deadweight ton duplex stainless steel chemical tanker named “XT FORTUNE”. This vessel was bareboat chartered to Xingtong Co., Ltd.’s wholly-owned subsidiary Xingtong Kaixiang Shipping Co., Ltd. in May 2025, continuously and steadily conducting international shipping business.
The “XT FORTUNE” was built in 2020, classified by Bureau Veritas (BV), and seaworthy for unlimited navigation areas. The vessel has an overall length of 133.23m, a beam of 21.5m, a depth of 11.5m, and a deadweight tonnage of 13,121. It is equipped with 16 duplex stainless steel liquid cargo tanks, featuring a single tank single pump system. It has been awarded a Green Passport by the classification society and is a high-end, green stainless steel chemical tanker.
As a deepening and upgrade of the previous bareboat charter cooperation between the two parties, this equity cooperation will promote Xingtong Co., Ltd. and Xiangyu Co., Ltd. to build a multi-level cooperation model. Both parties will leverage Xingtong Co., Ltd.’s core advantages in global bulk liquid dangerous goods maritime transport safety management, business development, and operational control, combined with Xiangyu Co., Ltd.’s resource endowments in shipbuilding, supply chain operation services, and supply chain finance, to jointly provide global petrochemical customers with more high-quality, efficient, and safe supply chain services.
Xingtong Co., Ltd. will continue to benchmark against world-class chemical shipping enterprises, strengthen the construction of core competitiveness, build a new ecosystem for industry development together with partners, and write a new chapter of win-win cooperation on the international shipping stage!
It is understood that Xiamen Xiangyu Co., Ltd. is composed of all supply chain service-related subsidiaries under the Fortune Global 500 company Xiangyu Group. It was restructured and listed on the Shanghai Stock Exchange on August 29, 2011. The company’s vision is “to become a world-class supply chain service enterprise,” adhering to the strategic thinking of “Based on the Supply Chain, Serving the Industrial Chain, Creating Value Chain.” Xiangyu Co., Ltd. takes serving national strategies and regional economic development as its mission, adheres to the strategic thinking of “Based on the Supply Chain, Serving the Industrial Chain, Creating Value Chain,” relies on the “Xiangyu Digital Intelligent Supply Chain Integrated Service Platform,” quickly responds to customer needs, integrates global high-quality resources, provides diverse service combinations, customizes and outputs integrated supply chain solutions, and focuses on building a safe, stable, smooth, and efficient industrial chain and supply chain system to create a mutually beneficial value ecosystem. Currently, the company has formed a bulk commodity supply chain service system covering agricultural products, energy chemicals, metal minerals, new energy, etc., with business volumes for its core advantageous varieties ranking among the top in the industry.
