Sinotrans Shipping
Encyclopedia
Sinotrans Shipping Limited is one of the largest shipping
companies in China
. It is engaged in vessel time chartering, shipping
service and fleet management
. It is parented
by Sinotrans
Group and headquartered in Hong Kong
.
It was listed on the Hong Kong Stock Exchange
in 2007 with its IPO price at HK$8.28 per share
. But it had dropped below IPO price since the first trading day because of poor performance of stock market
influenced by subprime mortgage crisis
in the United States
.
It joined Hang Seng China-Affiliated Corporations Index (red chip
stock) from 2008 to 2010.
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
companies in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. It is engaged in vessel time chartering, shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
service and fleet management
Fleet management
Fleet management is the management of a company's vehicle fleet.Fleet management includes commercial motor vehicles such as cars, vans and trucks. Fleet management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics , driver management, speed...
. It is parented
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
by Sinotrans
Sinotrans
Sinotrans Limited is one of the largest logistics companies in China. It is based in Beijing, People's Republic of China. Sinotrans Limited was incorporated in 2002 and listed on the Hong Kong Stock Exchange in 2003 with Sinotrans Group as its controlling shareholder. The Group injected into...
Group and headquartered in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
.
It was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 2007 with its IPO price at HK$8.28 per share
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
. But it had dropped below IPO price since the first trading day because of poor performance of stock market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
influenced by subprime mortgage crisis
Subprime mortgage crisis
The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages....
in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
It joined Hang Seng China-Affiliated Corporations Index (red chip
Red chip
Red chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
stock) from 2008 to 2010.