XINDE MARINE NEWS
China Merchants Energy Shipping Announces Strategic Lease of Two New Capesize Bulk Carriers Xinde Marine News Pang Kai 2024-12-16 14:24


China Merchants Energy Shipping Co., Ltd. (China Merchants Shipping) has announced plans to enter into long-term lease agreements for two newly constructed capesize bulk carriers through its wholly-owned subsidiary. These vessels are scheduled for delivery in 2026, with lease terms not exceeding five years and a total value of approximately RMB 730 million.

Why Opt for Long-Term Leasing?
Building on a successful investment in ten new ships, China Merchants Shipping’s long-term leasing strategy aims to:
Balance Fleet Age Structure: Ensuring a modern and efficient fleet.
Diversify Investment Concentration: Mitigating risks by spreading investments.
Enhance Capacity Control: Effectively managing and scaling operational capacity.
Locking in leases for the same vessel type allows China Merchants Shipping to better navigate future market supply and demand fluctuations, maintaining fleet flexibility and competitiveness.

Looking Ahead
This related-party transaction underscores China Merchants Shipping’s commitment to deepening expertise in the shipping sector and showcases innovative capabilities in integrating industrial finance. The company remains dedicated to enhancing operational efficiency, expanding scale, controlling risks, and striving to become a leading domestic provider of comprehensive leasing and shipping services.

by Xinde Marine News Pang Kai

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

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