Hainan Eye $300m in Port Assets

A major ferry and Ro-Ro service operator Hainan Strait Shipping is looking to spend more than US$310 million as it embarks on a new venture to acquire port and shipping assets, according to Splash24/7.

PTI previously reported that the port and cruise industry could potentially merge into a stronger whole after interest had been declared by European cruise industry to invest in more port assets.

Hainan Strait Shipping has announced further plans to acquire a Ro-Ro terminal in Xinhai port area of Haikou Port.

The company is also planning further acquisitions, of which no further details have yet been provided.

Shipping charterer Seaspan has announced on the week commencing September 21, 2015 that it has received credit financing of around $1 billion that it will use to construct and charter vessels.