Waigaoqiao Shipbuilding wins order for four 180,000-ton bulk carriers

2013-10-18 09:00

On the afternoon of October 15, Zhejiang Herun Group Co., Ltd. and Shanghai Waigaoqiao Shipbuilding Co., Ltd. held a signing ceremony for a shipbuilding project in Zhujiajian. Herun Group commissioned Shanghai Waigaoqiao Shipbuilding to build four 180,000-ton deadweight bulk carriers, each worth US$54 million. Delivery is scheduled for 2016.

Herun Group Chairman Yu Songbo stated that building large-tonnage grain and oil transport vessels will transform the group's grain transportation structure and reduce transportation costs. Herun Group is a diversified, comprehensive private enterprise whose business encompasses grain and oil processing, modern logistics, energy storage and trade, real estate development, shipbuilding and repair, leisure tourism, and industrial investment.

In addition, Herun Shipbuilding Company, an investment of Herun Group, was established in 2006 and at its peak owned three shipbuilding bases. The management team was formed based on former leaders and experts from Jiangnan Shipyard, bringing together top management, production, technology, and business experts from China's shipbuilding industry, establishing Herun Shipbuilding with a national team approach.