China's biggest private bulker owner, Fujian Guohang Ocean Shipping, says its strategic cooperation with state-owned Guangdong Yudean Shipping points to a broad business integration that is now in its early stages.
The move to merge chartering and other operational areas follows an 814% increase in net profits at Fujian Guohang in the first half of the year to CNY 111m ($16.2m)
