Sinopacific hires new CEO, COO

Sinopacific Shipbuilding Group announced on 29 July that Jiang Qiang was named as the new CEO replacing Liang Xiaolei, and Wang Jianding will be the group’s new Chief Operation Officer (COO).
The company also stated that Wang Xingru will no longer serve as the company’s co-CEO.
Liang is the chair

CMES buys four used Valemaxes

China Merchants Energy Shipping (CMES) has signed an agreement with Vale Shipping Singapore to acquire four used Valemaxes for an aggregate of USD448 million.
The four vessels are scheduled for delivery in September 2015, a stock filing of CMES said on 31 July. CMES plans to finance the acquisition