Hainan Strait Shipping, the major ferry and roro service operator in Hainan, has announced that it is working on the acquisitions of a series of assets in shipping, port, and supply chain management sectors. Total value of the acquisitions will reach around RMB2bn ($314m).

The company said it plans to acquire the roro terminal in Xinhai port area of Haikou Port from its controlling shareholder Hainan Harbor & Shipping Holding Company, while other acquisitions are still in the planning.

Hainan Strait Shipping currently operates three passenger roro services, it handles about 38% of the cargo volume and 36% of passenger volume between Hainan Island and mainland China.