Chinese container line Shanghai International Port Group (SIPG) is planning a separate listing for its shortsea operation Shanghai Jinjiang Shipping.

Shanghai-listed SIPG said its board of directors had authorised management to prepare the grounds for a spin-off.

The Shanghai Stock Exchange appears the most likely destination for the subsidiary, which Clarksons lists as controlling 27 ships, mainly feeder size container vessels but also three multipurpose ships and a small product tanker.