Sino-Global Shipping America, Ltd. Closes Ship Management Company Acquisition


Sino-Global Shipping America, Ltd., an international shipping agency and logistic services provider, announced the closing of its previously announced acquisition of Longhe Ship Management (Hong Kong) Co., Limited (“LSM”).

Sino-Global will offer ship management services through LSM, which operates from Hong Kong. LSM’s expertise in ship management will prepare the Company to expand its service capabilities up the industry chain.

Mr. Lei Cao, Chief Executive Officer of Sino-Global, said, “With the acquisition of LSM, Sino-Global is poised to serve our customers in the shipping industry even more closely than we currently do with our shipping agent, chartering and inland transportation management services. LSM’s expertise will allow us to manage ships directly for our customers. We are excited about the opportunities we anticipate in the ship management industry.”

Founded in the United States of America (“US”) in 2001, Sino-Global Shipping America, Ltd. is a Virginia corporation with its primary US operations in New York. The company provides its customers with comprehensive yet customized shipping agency, shipping and chartering, inland transportation management and ship management services. As a general shipping agent, the Company serves ships coming to and departing from a number of countries and regions, including China, Australia, South Africa, Brazil, New Zealand, and Canada. It has signed strategic agreements with Qingdao Zhenghe Shipping (Group) Co., Ltd. to jointly explore mutually beneficial business development opportunities; the China United Tally Co., Ltd. to develop third-party verification services at ports in China; and China Ocean Shipping Agency to develop their shipping agency business in China and internationally.
Source: Sino-Global Shipping America, Ltd.

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