COSCO Shipping, Everbright Financial Leasing, And Jiangsu Hantong Shipbuilding Partner On Bulk Carriers

In a landmark agreement, COSCO Shipping, Everbright Financial Leasing Co., Ltd., and Jiangsu Hantong Shipbuilding Co., Ltd. have partnered for the construction and long-term leasing of 10 new 82,000-ton bulk carriers. This initiative reinforces China’s strategic vision of becoming a global maritime powerhouse.

Key Highlights of the Agreement

1. Strategic Collaboration:
   • Combines COSCO’s operational expertise, Everbright’s financial capabilities, and Hantong’s shipbuilding proficiency.
   • Marks a pivotal step toward advancing integrated industry-finance partnerships in the shipping sector.
2. Ceremony Details:
   • Held in Nantong, the agreement was signed in the presence of prominent leaders:
     • Chen Wei, Chairman of COSCO.
     • Qu Liang, Chairman of Everbright.
     • Meng Chengjun, Chairman of Hantong.
   • Vice General Manager of COSCO, Shi Fuan, and Everbright’s President, Wei Chao, formalized the contracts.

Significance of the Initiative

1. Promoting Maritime Excellence:
   • Contributes to China’s ambition of high-quality development in the shipping industry.
   • Enhances operational efficiency and fosters sustainable growth.
2. Innovation and Sustainability:
   • Supports the construction of modern, efficient, and environmentally friendly bulk carriers.
   • Strengthens China’s position in the global maritime economy.

This collaboration underscores the commitment of COSCO, Everbright, and Hantong to leverage their collective strengths, setting new benchmarks for innovation and sustainability in the shipping industry.