Clive Palmer has created a new shipping business to service his Queensland Nickel Group's ore freight activities.
The new company is called Asia Pacific Shipping Enterprises and will operate a fleet of ships out of Singapore constructed by state-owned Chinese company CSC Jinling Shipyard.
The company will operate four 64,000 tonne vessels and be majority owned by Palmer's Queensland Nickel Group.
In a statement Palmer said Queensland Nickel Group was expanding its "international footprint across Asia and the South Pacific region".
The Group currently owns Palmer's nickel and cobalt refinery near Townsville, and a number of tourism and hospitality assets.
Palmer's plans to build a 21st century version of the Titanic also include CSC Jinling as lead manufacturer.
Image: Townsville Bulletin