News / Chinese domestic carrier Antong back in business and buying containers

Credit Mojuan Chen

Chinese domestic container shipping and logistics group Antong Holdings is resuming capital investments after emerging from state-led restructuring last year.

The group said in a Shanghai Stock Exchange filing yesterday its subsidiary, Quanzhou Antong Logistics, is paying $11.5 m for 3,055 second-hand containers from Tianjin Dongjiang Eaton Leasing, a subsidiary of Aviation Industry Corp of China (AVIC), to meet rising demand amid the unprecedented spike in freight rates.

The acquisitions includes 1,883 20ft boxes, 972 40ft and 200 flat-rack containers, all manufactured ...