Ansheng Shipping is still paying bareboat charter hire on time and in full, despite the legal controversy surrounding parent group Antong Holdings, Chinese financial sources say.
Market observers said the containership owner’s troubles and those of its main shareholders have given a clear advantage to rival private carrier Zhonggu Shipping in the domestic liner trade.
Last week, Antong disclosed a new set of lawsuits against Antong-related entities and the company’s major shareholders, brothers Guo Dongze and Guo Dongsheng, with claims in the hundreds of millions of dollars.
