On February 25th, 2022, CULINES signed an order for 2*7,000TEU containership newbuildings with Shanghai Waigaoqiao Shipbuilding (CSSC SWS). A signing ceremony was held at CSSC SWS.
Mr. Qi WANG (Chairman at CSSC SWS), Mr. Gang CHEN (GM at CSSC SWS), Mr. Aijun WU (GM at China Shipbuilding Trading), Mr. Yu Yang (GM at Asia & Pacific Department of China Shipbuilding Trading), Mr. Lingyi MENG (GM at China Classification Society Shanghai), Mr. Zhiyong LYU (President at Shanghai Merchant Ship Design & Research Institute (SDARI)), Mr. Zhiyong ZHOU (VP at SDARI), Mr. Raymond CHEN (Chairman & CEO at CULINES), Mr. Kevin DING (EVP at CULINES), and guests from partners and authorities attended this ceremony.
The vessels ordered are a very popular new type designed by SDARI (LOA: 272m, beam: 42.8m, scantling draft: 15m), which is highly efficient, economical, and environmentally friendly. The fuel efficiency could be greatly increased. Also, EEDI Phase 3 and Tier III emission standards are met thanks to the installed equipment such as scrubber and AMP, which could realize zero-emission and pollution when vessels are at berth. Creating social value and protecting the environment has always been our mission, and we are also actively acting upon the national strategic plan on carbon peaking and neutrality. These newbuildings, expected to be delivered in the second half of 2024, will be classed by the China Classification Society and deployed to mid-and long-haul services.
This first order for medium-to-large-size container vessels is part of CULINES’ planning for the long-term offering of medium-to-long-haul services. Besides, ten other ordered ships are scheduled to be delivered progressively from 2022 to 2024; among those four 1,930TEU newbuildings are expected in the second half of 2022. The number of our owned vessels will thus increase, and the total additional capacity would be about 32,000 TEUs. Our fleet with different sizes of long-and-short-term chartered and owned vessels could be deployed into both short-sea and deep-sea services for coordinated development and attend both spot and forward markets, providing long-term, stable, and efficient services, promoting sustainable corporate development and making a contribution to the stability and development of China’s foreign trade supply chain.
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