Changjiang National Shipping Group PhoenixCompany Shanghai branch has signed April-December transport contract about the total volume of 2.5 million coals with Shanghai Shenhua, which has been confirmed by Chine Shenhua Energy Group recently.

After signing the contract, CSC Phoenix added two more vessels in Nanjing Xiba and Zhangjiagang. In addition, because the related vessels enter into Shenhua Group coal transporting logistics chains, they will have priority to berth and load.

It was said that last year Shanghai Shenhua has newly built two coal stockpile and transport bases respectively in Nanjing Xiba and Zhangjiagang, causing surge increase amount of coal to Changjiang River. CSC Phoenix decided to develop coal transportation market as a key operation project in the second half of last year.