Sino-Global expands diversified services platform for sustainable growth
Listed on Nasdaq as SINO, Sino-Global Shipping America has developed a vertically integrated platform of services within the shipping and logistics industries. Headquartered in New York, Sino-Global is run by an experienced management team and is established in shipping markets worldwide - with business operations spanning the globe.
Sino-Global's diversified service platform consists of inland transport management, shipping and chartering, shipping agency and ship management. The company's experienced management team is dedicated to growing Sino-Global organically and through complementary acquisitions that will expand its current services. Sino-Global is led by founder and CEO Cao Lei, who has 30 years of experience in the shipping and transport industries, giving him an unparalleled understanding of the modern transport industry landscape.
"We aim to be a successful, vertically integrated services organisation in shipping and transportation, providing a critical network that will be beneficial to our customers," Cao says. The latest addition to Sino-Global's services portfolio is a freight forwarding and logistics services network based in the United States that is designed to capitalise on the rapidly growing containerised shipping market in the US.
Sino-Global's shipping and chartering services are now being advanced by the planned acquisition of the MV Rong Zhou, a 13,000-deadweight-tonne handysize oil/chemical transport tanker. Through its existing time charter agreements (TCA), which began in May, the vessel is expected to generate a net profit of about US$120,000 for Sino-Global on a monthly basis during the two-year period of the TCA.
Sino-Global has an attractive capital structure, in addition to anticipated future cash flows from its present operations, to meet its near-term capital needs. This is important, as it allows Sino-Global to opportunistically evaluate future acquisitions that are accretive to the company.
"We want to continue to expand our expertise through cooperative agreements and strategic acquisitions that are designed to supplement our expertise, while remaining firmly committed towards continued profitability and increasing shareholder value," Cao says.
Sino-Global Shipping America: http://www.sino-global.net