On October 22nd, Hainan Sinochem International Shipment Co. get approved by Ministry of Communication to be able to purchase 7 2,000-5,000 ton class chemicals ships.
Besides, in Ruijing Hotel in Shanghai, Hainan Sinochem Vessel Co., Ltd. and Shanghai Saike Petrochemicals Co., Ltd. formally signed the 2005 Saike-Sinochem Vessel Chartered Contract and the regular chartered contract on Sinochem 11 vessel. he signing of the contract makes Hainan Sinochem Vessel Co., Ltd. the largest logistics service provider of Shanghai Saike Petrochemicals Co., Ltd. In 2005 Hainan Sinochem Vessel Co., Ltd. will ship about 80% of the total transportation volume of Shanghai Saike Petrochemicals Co., Ltd
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