The four 64,000-dwt bulk carriers will be built at Jiangsu SOHO, marking Suyin’s first ship operating lease transaction.

China’s Suyin Financial Leasing has concluded its first ship operating lease transaction, supporting the construction of four 64,000-dwt Ultramax bulk carriers for BG Shipping at Jiangsu SOHO Innovation & Technology Shipbuilding.

The vessels will provide a combined 256,000 dwt of carrying capacity. According to Suyin’s announcement, the project will expand BG Shipping’s controlled fleet and strengthen its capacity to transport bulk commodities in international markets.

Suyin said it structured the operating lease arrangement around BG Shipping’s fleet renewal requirements. The announcement did not disclose the transaction value, lease duration or delivery schedule.

Supporting BG Shipping’s fleet development

BG Shipping is a Hong Kong-based, wholly owned subsidiary of Guangxi Beibu Gulf International Port Group. Its business centres on international dry bulk transportation and related asset operations, serving both the group’s industrial activities and external customers.

According to its official website, BG Shipping controls and operates more than 80 vessels on a daily basis, with aggregate capacity exceeding 6 million dwt. Its fleet spans Capesize, Kamsarmax, Panamax, Post-Panamax and smaller bulk carrier segments, including Ultramaxes. These figures describe its controlled and operated fleet rather than solely owned vessels.

Suyin linked the four-vessel project to support for China’s New International Land-Sea Trade Corridor and the transport of key bulk commodities.

The corridor connects western China with overseas markets through an integrated network of rail, road and sea services, with Chongqing serving as its operations centre. It provides the wider logistics context for BG Shipping’s role within the Beibu Gulf port and industrial group.

Established bulker builder on the Yangtze

The vessels will be constructed by Jiangsu SOHO Innovation & Technology Shipbuilding, also referred to in shipping reports as Jiangsu SOHO Chuangke Shipbuilding.

The yard is a wholly owned subsidiary of Jiangsu SOHO Innovation & Technology Group. Located on the lower reaches of the Yangtze River, its facilities include a 100,000-dwt dry dock and a 50,000-tonne slipway. Lloyd’s Register lists bulk carriers, containerships, heavy-lift vessels and tankers among its construction capabilities.

The builder has an established programme of Ultramax construction. In July 2026, its parent group announced a contract with Hong Kong’s KC Maritime for two 63,500-dwt bulk carriers, bringing cumulative orders for that series since the group’s restructuring to 37 vessels.

The BG Shipping vessels are described in Suyin’s announcement as 64,000-dwt units. Detailed specifications, including propulsion arrangements and classification, were not provided.

Suyin broadens its shipping business

Suyin Financial Leasing was established in May 2015, with Bank of Jiangsu as its principal sponsor. The bank’s annual report identifies shipping as one of the sectors targeted by the leasing company’s business expansion.

Suyin said cumulative financing deployed in its vessel business has reached RMB3 billion. The BG Shipping transaction adds ship operating leasing to its maritime activities.

Its previous projects include a 99,000-cu-m very large ethane carrier built by Jiangnan Shipyard. That transaction, announced in November 2024, supported a vessel intended for transoceanic ethane transportation under a long-term charter arrangement.

Suyin has also sought closer technical cooperation with China Classification Society. During a June 2026 meeting, the companies discussed vessel selection, construction quality control and alternative fuels as the lessor continued to develop its shipping business.