Zhejiang Ship Trading Market Co Ltd was established in June 1998 and is affiliated to Ningbo Zhoushan Port Group. It is a State-owned service enterprise specializing in providing ship trading platforms and supporting services for the domestic and international shipping industries and shipowners.
The company is among the first batch of ship trading institutions publicized by the Ministry of Transportation. After years of development, it has become a comprehensive market with the largest annual transaction volume in the shipping industry in China. It exerts influence in many areas, including ship sales, ship auctions, State-owned property rights transfers, ship assessment and ship design.
The company has funded eight enterprises, including Ningbo Ship Trading Market, Huzhou Ship Trading Market and Zhejiang Yiyi Software Company. In March 2011, it released the first China Ship Trading Price Index in Beijing. In August 2011, the index was recognized as an excellent project in the information industry in the Eleventh Five-Year Plan by the Ministry of Transportation.
In 2012, with the support of the Provincial Port Shipping Bureau, the company established a unified ship trading information platform, which improved the level of ship transactions in the province.
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