China Merchants Group has finalized a newbuilding project for four multipurpose and heavy-lift bulkers, marking a strategic collaboration between its shipping, ship finance, and shipbuilding divisions.
Key Details of the Order
- Vessel Type: Multipurpose and heavy-lift bulkers
- Deadweight: 62,000 DWT
- Number of Vessels: Four
- Shipyard: Jinling Shipyard (Nanjing), a subsidiary of China Merchants Industry Holdings
- Involved Entities:
- China Merchants Energy Shipping (CMES)
- China Merchants Bank Financial Leasing
- China Merchants Industry Holdings
- Charter Agreement:
- CMES will charter the vessels for up to five years
- Charter cost: Up to Yuan 1 billion ($138 million)
- Expected Delivery: 2027
Cargo Capacity & Versatility
These four largest-in-class newbuilds will feature enhanced cargo compatibility, making them ideal for transporting:
- Heavy machinery
- Pulp
- Various solid bulk cargoes
- Containers
CMES Fleet Expansion & Modernization
This deal represents China Merchants’ first major collaboration across its core shipping, finance, and shipbuilding sectors.
Additionally, as part of its fleet renewal strategy, CMES has:
- Chartered two Newcastlemax bulkers from CMB Leasing, set for delivery in 2026.
- Expanded its dry bulk fleet, which includes:
- 34 owned very large ore carriers (VLOCs)
- 16 capesize bulk carriers
With over 90 dry bulk vessels, China Merchants Group continues to strengthen its position as a leading state-owned shipping giant in the global maritime industry
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Source: Llyod’s List
