Xiangyu Shipping Received Orders for 8 Methanol READY & 64,000DWT Bulk Carriers

Source: www.gulfoilandgas.com 3/12/2024, Location: Asia

Xiangyu Shipping signed a construction contract for eight methanol READY concurrently operating 64,000DWT bulk carriers with Xiamen Financial Leasing and COSCO Shipping Bulk. Lin Junjie, Vice President of Xiangyu Group and Chairman of Xiangyu Shipping Equipment, Wu Ji, President of Xiamen Financial Leasing Co., Ltd., Chen Yan, Deputy General Manager of COSCO Shipping Bulk Shipping Co., Ltd., Zeng Huawen, Director of Xiangyu Park Administration Bureau of Xiamen Free Trade Commission Attend and speak. The event was hosted by Qin Weimin, Secretary of the Party Branch and General Manager of the company.

Qin Weimin signed a tripartite contract with Wu Ji and Pan Siwei, general manager of the Enterprise Department of COSCO Shipping Bulk Shipping Co., Ltd.

JJ Lin expressed his sincere gratitude to all guests who fully recognized and supported the development of Xiangyu Marine Equipment's business. He said that in the past seven years, Xiangyu Marine Equipment has gradually achieved diversified and leap-forward development by relying on the platform and resources of Xiangyu Group, and has created a strong reputation for Xiangyu in the shipbuilding industry. This signing is an important node for Xiangyu Shipping to expand customer channels and increase market share. It is also an important opportunity for Xiamen Financial Leasing to develop the shipping track. Both parties will give full play to the industrial synergy advantages within the group to achieve mutual benefit and win-win results. COSCO Shipping Bulk ranks first in the world in terms of its own dry bulk cargo capacity. We believe that with its rich shipping experience and strong operational capabilities, these eight methanol READY concurrent-operated ships will surely win the world's top prize with their high-quality service and excellent performance. More customers create greater value. We hope to take this signing as a starting point to start a new voyage with Xiamen Financial Leasing and COSCO Shipping Bulk, and sail towards a broader prospect in the vast ocean of the shipping market!

Chen Yan said that Xiamen Xiangyu Group is an important partner of COSCO Shipping Bulk Shipping, and both parties have maintained a good and stable cooperative relationship in international trade, ore transportation and other aspects. This cooperation on eight newly built 64,000-ton methanol READY concurrent-operated ships combines the unique advantages of both parties in the fields of ship construction, financing, ship operation and management, and creates a new cooperation model, which is conducive to further enhancing mutual trust and deepening cooperation between the two parties. A win-win situation, and it will surely become a model for similar projects in the market.

Wu Ji said that Xiangyu Shipping, as a leader in the shipbuilding industry, has won the trust of domestic and foreign shipping companies with its superb technology, strict quality management and excellent service. The eight methanol READY concurrent ship construction contracts signed this time are the fruit of strong cooperation between multiple parties and an important measure taken by Xiamen Financial Leasing to promote the development of green shipping. I believe that with the joint efforts of the three parties, we will be able to create a safe, reliable, and Green and environmentally friendly ships and shipping systems will make greater contributions to the prosperity and development of global trade.

Zeng Huawen introduced the Xiamen Free Trade Zone’s incentive policies in terms of shipping leasing and the introduction of new shipping capacity.

In recent years, Xiangyu Shipping has complied with the development trend of green and low-carbon shipping, fully grasped market opportunities, deeply explored the bulk carrier market, and focused on technological innovation and process optimization. At present, the company's total orders for Ultramax series ships have exceeded 100, ranking first among No. 1 shipyard in China. The eight 64000DWT methanol READY ships signed this time adopt new ship materials and technologies, and plan to use methanol fuel as clean fuel. Compared with similar ships at home and abroad, they have larger load capacity, lower fuel consumption, and more fuel efficiency. Being green and environmentally friendly can bring more considerable economic benefits to ship owners.

Xiangyu Marine Equipment has made a good start in the first quarter with its hard work and practical results. In the future, the company will further increase its proactive layout and forward-looking investment in green and intelligent transformation, accelerate the research on low-carbon and zero-carbon fuel technology, and continue to deepen lean shipbuilding. , to promote the optimization and upgrading of new generation bulk carriers. All employees of the company will work hard with "100% power" and be full of energy to accelerate high-quality development with a sprint attitude, achieve both quality and quantity improvement in operation and management, and push high-quality development to a new level.

Hong Jingming, Chairman of the Board of Supervisors of Xiamen Financial Leasing, Zhu Jianhua, Vice Chairman of Xiangyu Shipping, relevant responsible comrades of Xiamen Financial Leasing, COSCO Shipping Bulk, and Beijing COSCO Shipping Shipping Trading Co., Ltd., bank partners, media friends, and some senior executives of Xiangyu Shipping, More than 300 people including employee representatives attended the signing ceremony.


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