Dewey Shipping has landed on the US stock market, with a total cargo capacity of 217,191 deadweight tons
On Friday, the Hong Kong-based shipping company Deyu Shipping made its debut on the US stock market. The company offered 1.5 million shares in its initial public offering, priced at $7 per share. It is understood that Deyu Shipping operates global shipping services through a series of subsidiaries, covering two main sectors: time chartering and ship management services. Its fleet consists of one owned vessel and three chartered vessels, with a total deadweight tonnage of 217,191. In addition, Deyu Shipping plans to launch an offshore pulping business through its Singapore subsidiary Openwindow before the first quarter of 2025, further expanding its business scope by utilizing owned and chartered factory vessels
According to Zhitong Finance APP, on Friday, the Hong Kong-based shipping company Dewei Shipping (NCT.US) debuted on the US stock market. The company offered 1.5 million shares in its initial public offering, priced at $7 per share. It is understood that Dewei Shipping operates global shipping services through a series of subsidiaries, covering two main sectors: time chartering and ship management services. Its fleet consists of one owned vessel and three chartered vessels, with a total deadweight tonnage of 217,191 tons. In addition, Dewei Shipping plans to launch an offshore pulping business through its Singapore subsidiary Openwindow before the first quarter of 2025, further expanding its business scope by utilizing owned and chartered factory vessels