1.4 billion! Huangpu Wenchong to receive container ship order from Ningbo Ocean

2025-05-22 08:00

Huangpu Wenchong will receive an order for 4 x 2700 TEU container ships from Ningbo Ocean Shipping, with a total investment of approximately 1.4 billion yuan.

Recently, Ningbo Ocean Shipping Co., Ltd. announced the bid evaluation results for its project to build 4 x 2700 TEU container ships. The announcement shows that CSSC Huangpu Wenchong Shipbuilding Co., Ltd. is the first successful bidder candidate.

It is understood that to further optimize the company's fleet structure, expand its fleet size, and continuously strengthen its route service capabilities, Ningbo Ocean Shipping plans to invest no more than RMB 1.4 billion to build 4 x 2700 TEU container ships. On April 28, Ningbo Ocean Shipping held the twelfth meeting of its second board of directors, which reviewed and approved the "Proposal on the Proposed Investment in the Construction of 4 x 2700 TEU Container Ships."

Ningbo Ocean Shipping stated at the time that this investment in shipbuilding would help further optimize the company's fleet structure, expand its fleet size, actively build a high-standard fleet with a reasonable structure and strong competitiveness, continuously strengthen the company's route service capabilities, and continuously enhance the company's market competitiveness. This matter has been carefully evaluated by the company, is in line with the company's strategic development plan, will not have a significant adverse impact on the company's financial status, main business, and continuous operational capabilities, and does not harm the interests of the company and its shareholders.

It is understood that Ningbo Ocean Shipping was established in 1992 with a registered capital of RMB 1.308 billion and is a controlled subsidiary of Ningbo Zhoushan Port Co., Ltd. The company became a wholly-owned subsidiary of Ningbo Zhoushan Port Co., Ltd. in December 2008, officially launched its spin-off listing plan in December 2020, completed its shareholding system reform in March 2021, and successfully listed on the Shanghai Main Board on December 8, 2022, becoming the first "A-split-A" listed company among domestic port and shipping enterprises.

Ningbo Ocean Shipping is the largest container liner company within Zhejiang Province, currently operating a total of 88 vessels, with a total capacity of 1.36 million DWT / 72,000 TEU, of which 44 vessels are owned, with a capacity of 894,000 DWT / 43,000 TEU. This forms a comprehensive fleet of container ships ranging from 3,000 DWT to 59,000 DWT, complementing each other, and retaining a certain number (10) of bulk cargo vessels. The fleet size is moderate and highly matches the capacity needs and development of the routes, ensuring the stability of flight schedules.

Huangpu Wenchong is a key shipbuilding enterprise under China State Shipbuilding Corporation (CSSC) and also the largest shipbuilding unit in South China, with rich experience in shipbuilding and repair. Its product quality is recognized by global shipowners. Among them, feeder container ships, merchant cargo ships, dredgers, offshore engineering vessels, and scientific research vessels are representative products in the company's civilian product construction sector.

As the world's best feeder container ship builder, Huangpu Wenchong has extensive construction experience and a good market reputation in the container ship field. In the field of feeder container ships of 4300 TEU and below, the company received orders for 24 new ships in 2024 and has 48 ships on order, with both indicators ranking first in the world.

Clarkson's data shows that Huangpu Wenchong currently holds orders for a total of 103 vessels with 4.38 million DWT, including 45 container ships, 22 bulk carriers, 14 LPG carriers, 11 multipurpose vessels, 5 offshore engineering vessels, and 6 other vessels, with delivery dates extending to 2029.

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