Shanghai E&P International Co., Ltd., Shanghai Port Group Logistics Co., Ltd., and Shanghai North Bund (Group) Co., Ltd. have jointly established Shuzhi Maritime Trade (Shanghai) Supply Chain Management Co., Ltd.

The new company was established on July 31 with registered capital of RMB 30 million. Its business scope covers supply chain management services, technology services, international freight forwarding, information consulting and related services.

According to corporate registration information, Shanghai E&P International Co., Ltd. holds a 40% stake, while Shanghai Port Group Logistics Co., Ltd. and Shanghai North Bund (Group) Co., Ltd. each hold 30%.

The joint venture aims to integrate port, logistics, digital and regional development resources to enhance supply chain services and support innovation in international trade and shipping logistics.