SIPG told the Shanghai stock exchange it is currently conducting further study on the acquisition plan but the investment percentage has yet to be specified.
Jinjiang Shipping owns a fleet of 13 small containerships between 600 teu and 1,100 teu, operating between China and the Taiwan Strait.
SIPG owns a similar fleet of seven boxships through Shanghai Haihua Shipping (Hasco).
It has placed orders for a quartet of small ships at Tsuneishi in Japan and for another two vessels at Dae Sun.
