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“HUI ZHI HAI” Ship Delivered and Set Sail, Creating a New Model for Integration of Industry and Finance
发布时间: 2021-01-23

  On December 19, the delivery ceremony of the 210,000-ton bulk carrier "HUI ZHI HAI" for COSCO SHIPPING Development was held in Shanghai.

  Persons in charge of Finance Department and Operation Department of COSCO SHIPPING Group and the relevant principals of COSCO SHIPPING Development, COSCO SHIPPING Heavy Industry, Yangzhou COSCO SHIPPING Heavy Industry, Shenzhen Ocean Shipping, COSCO SHIPPING (Hong Kong) Ship Trading and Tianjin COSCO SHIPPING Bulk International Trade attended the delivery ceremony.

  "HUI ZHI HAI” ship is the first ship among the sixteen 210,000-ton bulk carriers of COSCO SHIPPING Development for the operating lease project, which is another demonstration project that vigorously promotes the strategy of "combination of chartering-manufacturing, chartering-shipping" after the 62,000-ton multipurpose pulp ship project. The ship will be leased to COSCO SHIPPING Bulk after delivery for a charter period of 10 years to undertake the task of transporting the bauxite ore for the CHINALCO Guinea project, as it is a supporting ship for the CHINALCO Guinea project. It is conducive to the realization of long-term and stable income of the Company and further enhancement of value creation capability.

  Mr. Xu Hui, Party Secretary of COSCO SHIPPING Development, gave a speech at the delivery ceremony: The delivery for operation of "HUI ZHI HAI" marked the official launch of 210,000-ton bulk carrier operating charter project of COSCO SHIPPING Development, which is a concrete practice of COSCO SHIPPING Development to empower the Group's principal businesses in shipping industry and build a shipping finance platform. In the future, COSCO SHIPPING Development will, based on the shipping finance platform-oriented and market-oriented principles, continue to strengthen internal synergy, deepen business linkage and create new brilliance.

 

  "HUI ZHI 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. Featuring safe, environment-friendly, green, energy-efficient and intelligent functions, 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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