A very exciting Chinese company is set to go public this week: Sino-Global, a non-state-owned shipping agency operating
in China.
Sino-Global was founded in 2001 with a mission to provide high-quality shipping
agent services that reduce clients’costs and simplify the shipping
process. Historically, China’s shipping
industry has been dominated by two large, state-owned companies.
China opened the shipping agency industry
to private competition in 2003, and in 2006, these two state-owned companies controlled approximately 85%
of the market share. The other 15% market share is divided among a highly
fragmented group of over 1,400 agencies that operate throughout China’s 76 complicated and unique ports. Last year, Sino-Global serviced
more than 185 ships from countries such as Greece, Italy, HK, Australia, Switzerland, Norway, USA, Thailand
and South Korea.
