ZPMC plans to invest 1.9 billion yuan in the purchase of ships Xinde Marine News Sarah Yu 2023-05-26 15:05

On May 25, Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) issued an announcement that the company plans to issue shares to no more than 35 specific objects, including the controlling shareholder China Communications Construction, to raise no more than 5 billion yuan for the implementation of projects such as ship purchases.
Among them, the total investment of the ship purchase project is 1.9 billion yuan, and the raised funds are 1.57 billion yuan. It plans to purchase five special engineering ships, including three new ships and two second-hand ships. It is planned to complete the delivery of ships and the transformation of old ships by the end of 2027.
The new ships include a 30,000 dwt deck carriers, which is planned to be delivered by the end of 2024, with a total investment of 350 million yuan. A 2,000 dwt floating crane, which is planned to be delivered in 2025, with a total investment of 350 million yuan. A 50,000 dwt deck carrier. The ship is expected to be delivered by the end of 2025, with a total investment of 300 million yuan.
ZPMC said that the introduction of new ships can improve the safety and stability of fleet operations, the average age of the company's engineering fleet will be effectively reduced, and the age structure of ships will be optimized.
By Xinde Marine News Sarah Yu

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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