HKMW Signs Contracts For New Newcastlemax Bulk Carriers

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Hong Kong Ming Wah Shipping Co., Ltd. (HKMW) has signed two Shipbuilding Contracts with Qingdao Yangfan Shipbuilding Co., Ltd. for the construction of two 210,000 DWT Newcastlemax bulk carriers. These vessels will incorporate scrubbers and energy-saving, environmentally friendly designs to comply with the latest environmental standards. The total construction cost is approximately RMB 1.05 billion, payable in five USD installments.

Commitment to Sustainability and Efficiency

HKMW’s decision to invest in these new bulk carriers aligns with its commitment to sustainability and efficiency. The vessels are designed to meet stringent environmental standards, reflecting HKMW’s focus on reducing emissions and increasing fuel efficiency. This move is part of the company’s broader strategy to support global carbon neutrality goals.

Expansion of Fleet and Strategic Growth

The addition of these two vessels is part of HKMW’s strategic plan to expand its fleet and enhance its global operations. As a subsidiary of CMES, HKMW’s recent orders, including the eight Newcastlemax bulk carriers from Jiangsu New Times Shipbuilding, indicate a robust growth strategy. With a total of 10 new bulk carriers ordered, HKMW is positioning itself to meet increasing demand and improve its competitive edge in the global shipping industry.

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Source: Safety4Sea