{"id":29218,"date":"2022-02-16T12:36:02","date_gmt":"2022-02-16T09:36:02","guid":{"rendered":"https:\/\/www.al-sindbad.net\/xingtong-shipping-readies-shanghai-ipo\/29218\/"},"modified":"2022-02-16T12:36:02","modified_gmt":"2022-02-16T09:36:02","slug":"xingtong-shipping-readies-shanghai-ipo","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/xingtong-shipping-readies-shanghai-ipo\/29218\/","title":{"rendered":"Xingtong Shipping readies Shanghai IPO"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Chinese chemical tanker player Xingtong Shipping will invest much of the proceeds from an upcoming IPO on expanding its fleet size.<\/p>\n<p>The company is readying a February 22 listing on the Shanghai Stock Exchange.<\/p>\n<p>At present the company has a 16-strong fleet made up of chemical tankers predominantly with one LPG carrier, according to data from VesselsValue.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>Chen Xingming, the founder of Fujian Xingtong Shipping, grew up in a small village near Quanzhou in the southeast of China. He started working on fishing boats when he was a teenager. In the early 1990s when a port development project started in Quanzhou, Chen earned his first pot of gold by investing in a few workboats to join the construction craze.<\/p>\n<p>He established Fujian Xingtong Shipping in 1997 and gained approval to operate petrochemical shipping at domestic coastal ports and major river ports.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese chemical tanker player Xingtong Shipping will invest much of the proceeds from an upcoming IPO on expanding its fleet size. The company is readying a February 22 listing on the Shanghai Stock Exchange. At present the company has a 16-strong fleet made up of chemical tankers predominantly with one LPG carrier, according to data &hellip;<\/p>\n","protected":false},"author":1,"featured_media":29219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-29218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/29218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=29218"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/29218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/29219"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=29218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=29218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=29218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}