12 vessels worth CNY 2.7 billion! Xinhan Shipping wins a large order for bulk carriers from Shandong Shipping

2023-04-14 09:00

Shandong Shipping expands its bulk carrier fleet significantly, ordering 12 82,000-deadweight-ton Kamsarmax bulk carriers from New Han Tong Shipbuilding Heavy Industry for a total investment of 2.7 billion yuan. This is also New Han Tong's first new ship order in a year and a half.

According to TradeWinds, these new vessels will be delivered between the end of 2024 and 2025, using conventional fuel. Each ship costs approximately US\$33 million, with a total value of US\$396 million (approximately 2.722 billion yuan) for all 12 vessels. Financing is provided by Shandong Huachen Financial Leasing Co., Ltd., a subsidiary of Shandong Marine Group Co., Ltd.

The 82,000-deadweight-ton bulk carrier is one of New Han Tong Shipbuilding Heavy Industry's main ship types. This type of vessel uses the SDARI-82 (2020) design from Shanghai Ship Design and Research Institute. Its features include an improved hull form for lower energy consumption and a propeller with a higher light running margin (LRM); it is equipped with a MAN-B&W 6S60ME-C 10.5 engine. At a speed of 14 knots, the consumption at design load draft is 23.18 tons, meeting the IMO Tier III NOx emission standards.

It is understood that this order is the first new ship order received by New Han Tong Shipbuilding Heavy Industry in over a year. Clarkson's data shows that New Han Tong's last order was in October 2021, when Nisshin Shipping (Japan) ordered three 82,000-deadweight-ton bulk carriers.

Sources say that New Han Tong Shipbuilding Heavy Industry did not sign any merchant ship construction contracts last year because the company believed that new ship prices were too low. With the current price increase, New Han Tong Shipbuilding Heavy Industry, which has an earlier delivery berth, has received inquiries from some shipping companies. Data shows that the price of newly built Kamsarmax bulk carriers has increased by at least 8% in the past 12 months, from US\$30.5 million to US\$33 million.

It is understood that Shandong Shipping is a large state-owned enterprise initiated and established by Shandong Marine Group Co., Ltd. as the controlling shareholder, with a registered capital of 3.09 billion yuan. Shandong Shipping focuses on the marine transportation of bulk commodities such as minerals, grain, energy, chemicals, and general cargo, with routes covering major ports worldwide. Shandong Shipping's dry bulk carrier fleet ranks among the top in China, operating the world's largest 400,000-ton ore carrier and investing in the construction of the world's first 250,000-ton ore carrier.

Currently, Shandong Shipping owns a variety of dry bulk carriers, including ultra-large, Capesize, Panamax, and Handysize vessels. Its fleet size ranks third nationally, meeting the transportation needs of diverse clients, and is one of China's professional dry bulk shipping fleets. It provides marine transportation services for iron ore, coal, grain, and other bulk commodities to clients globally, with routes covering more than 100 countries and regions and services covering more than 1,000 ports worldwide.

Shandong Huachen Financial Leasing Co., Ltd. is Shandong Province's first state-owned financial leasing company focusing on the marine industry. As Shandong Province's only provincial state-owned enterprise with shipping finance as its main business, Shandong Huachen Leasing is committed to being a "future leader in marine industry finance." It has formed a "dual-drive" model of traditional leasing and ship leasing, a "three-level business development" strategy based on equity priority, industry priority, and regional priority, and a "four-type integration" approach of professionalization, refinement, specialization, and innovation in shipping finance, known as the "Huachen Model." The company actually controls over 4 million deadweight tons of various types of vessels, including 180,000-ton Capesize, 82,000/85,000-ton Kamsarmax bulk carriers, and ultra-low-temperature refrigerated processing vessels, ranking among the top in the industry.

Two Chinese shipyards receive orders for eight more chemical tankers! British ship owner places another order

Nantong COSCO SHIPPING Shipyard's first large dual-fuel converted vessel "Zhicheng" successfully started its generator.

COOKIES

Our website uses cookies and similar technologies to personalize the advertising shown to you and to help you get the best experience on our website. For more information, see our Privacy & Cookie Policy

COOKIES

required

These cookies are necessary for basic functions such as payment. Standard cookies cannot be turned off and do not store any of your information.

analyze

These cookies collect information, such as how many people are using our site or which pages are popular, to help us improve the customer experience. Turning these cookies off will mean we can't collect information to improve your experience.

Feature

These cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third-party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

advertise

These cookies help us understand what you are interested in so that we can show you relevant advertising on other websites. Turning these cookies off will mean we are unable to show you any personalized advertising.

WeChat Official Account

Video account

Douyin account

Business License