Is Minsheng Shipping Co., Ltd. a state-owned enterprise?

Minsheng Shipping Co., Ltd. is not a state-owned enterprise. Minsheng Shipping Company is a private shipping company. Minsheng Shipping Co., Ltd. has wholly-owned subsidiaries such as Minsheng International Freight Forwarding Co., Ltd., Minsheng Logistics Co., Ltd., Minsheng International Container Transportation Co., Ltd., Minsheng International Shipping Agency Co., Ltd. and Minsheng Bonded Warehouse Co., Ltd., and has more than 40 branches in China coastal areas, major cities along the Yangtze River and overseas. Minsheng Steamship Co., Ltd. was jointly funded by Minsheng Industry (Group) Co., Ltd. and Shanghai International Port (Group) Co., Ltd. in 2009. Its predecessor was Minsheng Steamship Company established by 1984.