Nanjing ShengHang Shipping Renewing Lease for LPG Carrier

MT Newswires Live

08/07

Nanjing ShengHang Shipping (SHE:001205) will renew a nine-year lease for its liquefied petroleum gas carrier, Shenghang Yongle, to related party Andefu Energy Development.

The new agreement, extended to Dec. 31, 2034, is under a revised rental structure comprising a fixed fee plus operational or management costs, according to a filing with the Shenzhen bourse.

Shares of the shipping company closed 1% higher Thursday.

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