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RMS and Xinhong Announce Opening of Joint Venture for More Comprehensive One-stop Marine Service

Date of release: 2019-08-09

Weihai, China (August 8, 2019) - RMS Group and Xinhong (Tianjin) International Trade Co., Ltd. (hereinafter referred to as “Tianjin Xinhong”), the operator of CUD (Weihai) Shipyard, announced the opening of their joint venture “RMS Xinhong Maritime Service (Rongcheng City) Ltd. (hereinafter referred to as "RMS Xinhong").

The new joint venture is aimed to establish a firm foothold in Weihai XinHong to provide a professional maritime and shipyard service for customers while their vessels in the CUD (Weihai) Shipyard.

According to the agreement, two parties will integrate differentiated advantages into the joint venture. With its network covering Asia and Europe, RMS will bring in high-quality products and service with brand and market strength as well as rich management experience. On the other hand, Tianjin Xinhong represents the shipyard with abundant shipping resources, while acting as the trade platform of Xinhong Group with unique trading resources.

“Thanks for the full trust from Xinhong’s management team, and we are excited to have this new model of cooperation with Xinhong shipyard.” said Jack Wang, Chairman of RMS Group, “This new experience is of great significance to RMS, which marks that RMS has opened up a new model of cooperation with the shipyard. We believe that the commitment of qualified products and services as well as trustful relationship between us will bring both parties and our customers a long term value.”

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