China Merchants Group (CMG) is eying more tanker and logistics businesses from Rongsheng Petrochemical, with the Chinese private player’s new petrochemical complex starting trial operation.
According to company statements, CMG and Rongsheng have signed a strategic agreement to promote further cooperation in the shipping, logistics and financing sectors.
“With the synergy between different CMG units, we are aiming to provide comprehensive services to Rongsheng,” CMG executive vice-president Wang Hong said.
