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Sinotrans Shipping: Value Opportunity In The Chinese Shipping Industry

2017-08-08 seekingalpha
Sinotrans Shipping (OTCPK:SSLYF) (OTC:SSLYY) (SEHK:0368) is one of the largest shipping companies in China and a leading shipping enterprise of the world. It owns and operates a fleet of dry bulk carriers and container ships. As of the end of 2016, the company owned 48 ships, leased 59 ships, and placed orders for another 15. The average age of the ships is only 6.38 years old. (Source: 2016 Annual Report)