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"HUI XIN HAI" Ship Delivered and Named, the Great Ship of Industrial and Financial Integration Set Sail Once Again
发布时间: 2021-01-13

  On January 12, the delivery and naming ceremony of the 210,000-ton bulk carrier "HUI XIN HAI" for COSCO SHIPPING Development was held on Changxing Island, Shanghai. Mr. Liu Chong, Managing Director of COSCO SHIPPING Development, Mr. Liang Yanfeng, Chairman of COSCO SHIPPING Heavy Industry, and Mr. Chen Yan, Deputy General Manager of COSCO SHIPPING Bulk, jointly witnessed the delivery ceremony. Ms. Zhang Lining of SPIC Aluminum & Power Investment acted as godmother and named and cut the cable for “HUI XIN HAI" ship.

  "HUI XIN HAI" ship is the second ship among the sixteen 210,000-ton bulk carriers of COSCO SHIPPING Development for the operating lease project, which is a demonstration project of the "integration of industry and finance, and promotion of production through finance” strategy of COSCO SHIPPING Development. After the delivery, the ship will be leased to COSCO SHIPPING Bulk by means of operating lease and put into the Guinea bauxite shipping routes for operation. The project will help the Company to achieve long-term stable income and further enhance the Company's value creation ability.


  Mr. Liu Chong, Managing Director of COSCO SHIPPING Development, gave a speech at the delivery ceremony: "HUI XIN HAI" ship is the first ship to be received by COSCO SHIPPING Development in 2021. The smooth delivery of the ship opens a new chapter of "combination of chartering-manufacturing, chartering-shipping and chartering-trade" in the "14th Five-Year Plan" of COSCO SHIPPING Development. In the future, COSCO SHIPPING Development will continue to focus on strengthening internal collaboration and deepening business linkage, enabling the shipping industry chain, and building a comprehensive logistics industry financial service platform with the characteristics of COSCO SHIPPING and global competitiveness.

  The persons in charge and representatives of Yangzhou COSCO SHIPPING Heavy Industry subordinated to COSCO SHIPPING Heavy Industry, Shenzhen Ocean Shipping subordinated to COSCO SHIPPING Bulk, COSCO SHIPPING (Hong Kong) Ship Trading subordinated to COSCO SHIPPING International Hong Kong, Tianjin COSCO SHIPPING Bulk International Trade subordinated to COSCO SHIPPING Tianjin, China Classification Society, Lloyd's Register and other relevant units attended the delivery ceremony.

  "HUI XIN HAI” ship has a total length of 299.95m, a molded width of 50m, a molded depth of 25m, and a design speed of 14.5 knots. The ship was built by Yangzhou COSCO SHIPPING Heavy Industry, and classified by China Classification Society (CCS) and Lloyd's register of shipping (LR). It not only meets the latest common structural rules (CSR-H) and EEDI standards, but also meets the intelligent ship rules of China Classification Society. Integrating intelligent shipping, intelligent monitoring, energy saving and environmental protection, it is a new generation of Newcastle bulk carrier with advanced technology.

About Us
COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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