Xingtong Co., Ltd. announced that it intends to apply to MARITIME GLOBALSHIPPING PTE. LTD sold the old ship “Xingtong 799” with a transaction amount of US$27.7 million, equivalent to approximately RMB 188 million. This market-based disposal can generate disposal benefits, reduce the operation, maintenance and repair costs of old ships; conform to the development trend of green intelligent shipping, and concentrate resources to lay out high-end green capacity with high added value and high technical standards.

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