Zhejiang Zheshang Financial Leasing, a prominent financial leasing company based in China, has recently made headlines in the maritime industry by securing a contract for two ultramax bulk carrier newbuilds from Jiangsu Soho Chuangke Shipbuilding. These 63,500 dwt vessels come with a price tag ranging between $34 million and $35 million each, and are scheduled for delivery in 2027.
The decision to invest in these newbuilds underscores Zhejiang Zheshang Financial Leasing’s commitment to expanding its presence in the shipping sector. The order is further reinforced by a bareboat charter agreement with the Singapore-based subsidiary of Zhejiang Shipping Group, a state-owned entity with a diverse fleet of approximately 20 bulk carriers.
Jiangsu Soho Chuangke Shipbuilding, formerly known as Sainty Shipbuilding, has rebranded itself as it re-enters the shipbuilding market. The shipyard, located in Yangzhou, marked its return to the industry last year after a hiatus of nearly seven years. The resurgence of Jiangsu Soho Chuangke Shipbuilding has been marked by a series of ultramax orders from prominent players in the maritime sector, including China Development Bank Leasing, Jiangsu Ocean Shipping, and Sea Traders – a dry bulk shipping arm owned by renowned Greek shipping magnate, George Procopiou.
The collaboration between Zhejiang Zheshang Financial Leasing and Jiangsu Soho Chuangke Shipbuilding signifies a strategic partnership aimed at driving growth and innovation within the maritime industry. By leveraging their respective strengths and expertise, both companies are poised to deliver cutting-edge vessels that meet the evolving needs of the global shipping market.
The ultramax bulk carriers ordered by Zhejiang Zheshang Financial Leasing are designed to offer superior performance, efficiency, and reliability. With a carrying capacity of 63,500 dwt, these vessels are well-suited for transporting a wide range of dry bulk commodities, including coal, iron ore, and grain. The state-of-the-art design features incorporated into these newbuilds ensure optimal cargo handling capabilities, minimal environmental impact, and enhanced safety standards.
The decision to enter into a bareboat charter agreement with Zhejiang Shipping Group’s Singapore-based subsidiary further underscores Zhejiang Zheshang Financial Leasing’s strategic vision for the future. By partnering with a reputable player in the shipping industry, the company aims to strengthen its market position and expand its operational footprint in key global trade routes.
The resurgence of Jiangsu Soho Chuangke Shipbuilding under its new brand reflects the yard’s commitment to innovation, quality, and customer satisfaction. With a track record of delivering high-quality vessels to leading shipping companies worldwide, Jiangsu Soho Chuangke Shipbuilding is well-positioned to meet the growing demand for modern, fuel-efficient vessels in the maritime sector.
In conclusion, the contract for two ultramax bulk carrier newbuilds between Zhejiang Zheshang Financial Leasing and Jiangsu Soho Chuangke Shipbuilding marks a significant milestone in the maritime industry. This partnership not only showcases the strength and resilience of both companies but also underscores their shared commitment to driving growth, innovation, and sustainability within the global shipping sector. By investing in cutting-edge vessels and forging strategic alliances with key industry players, Zhejiang Zheshang Financial Leasing and Jiangsu Soho Chuangke Shipbuilding are poised to shape the future of maritime transportation and set new benchmarks for excellence in shipbuilding and leasing.