On July 25th,Jiangsu Soho Innovation Technology Group held a shipbuilding signing ceremony with Jiangsu Ocean Shipping and China Development Bank Financial Leasing (CDB Leasing). Jiangsu Ocean Shipping together with CDB Leasing placed an order for eight 64,000 dwt bulk carriers at the shipyard of Jiangsu Soho Innovation Technology Group.
Chenshu, President of Soho Holding Group, deputy secretary of the party committee said, in order to deepen the integration of internal specialization, in April this year, Soho Holding Group set up Jiangsu Soho Innovation Technology Group, focusing on the development of shipbuilding as the first of the intelligent manufacturing-related businesses. Jiangsu Ocea Shipping is the largest state-owned shipping enterprise in Jiangsu province under the provincial port group, and CDB Leasing is one of the earliest leasing companies in China to carry out ship leasing business.
The signing of this cooperation agreement is an important milestone for the three parties to deepen cooperation and seek common development. He is hoped that the three parties will closely focus on the national, provincial and municipal requirements for the development of shipbuilding and offshore industry, pay attention to the changes in the global shipping market cycle, strengthen risk prevention and control, carry out business prudently, give full play to their respective advantages in the fields of operation, capital, technology and other areas, and strengthen the cooperation to jointly build a complete system, efficient synergy, safe and controllable shipbuilding and trading industry.
Yu Lei, Vice Mayor of Yizheng City, said that Yizheng is located at the important junction of Nanjiang, Zhenjiang and Yangzhou, focusing on high-tech ships and offshore equipments. Jiangsu Soho Innovation Technology Group operates a medium-sized modern shipyard with complete processing equipment in Yizheng. The signing of this contract is not only a happy event for the three parties, but also a great event for the shipbuilding industry in Yizheng.
It is understood that Jiangsu Soho Innovation Technology Group is a subsidiary of Soho Holdings Group, a large-scale wholly state-owned enterprise group in Jiangsu Province. It was formed by the merger and reorganization of three companies, namely Sainty Machinery, Sainty Minmetals and Sainty Assets, and was inaugurated on April 30 this year. As a result, Sainty Shipbuilding (Yangzhou), a subsidiary of Sainty Assets, was integrated into the Jiangsu Soho Innovation Technology Group.
According to the official news of Jiangsu Soho Innovation Technology Group, since May this year, Sainty Shipbuilding (Yangzhou) has signed a total of 10 63,500DWT bulk carriers construction contracts with domestic and foreign shipowners, such as Sea Traders, a bulk carrier shipping company under the Greek king George Procopiou, CDB Leasing, and Jiangsu Ocean Shipping, etc. The total contract amount is nearly $320 million (about RMB 2.328 billion), and another orders for eight new ships are under negotiation, with an estimated contract amount of more than $260 million (about RMB 1.891 billion).
Earlier this month, Sea Traders confirmed a contract for the construction of six 63,500 dwt Ultramax bulk carriers, expected to be delivered between June 2026 and the first quarter of 2027, from Sainty Shipbuilding (Yangzhou).
According to public information, Sainty Shipbuilding (Yangzhou) covers an area of about 1,050 mu with a shoreline length of 930 meters. The company has 1 dock, 1 slipway, 2 outfitting quays, 2 sets of 500 tons door cranes and advanced shipbuilding equipments. The main products are bulk carriers up to 100,000 tons, container ships, heavy lift vessels, multi-purpose vessels, offshore vessels etc.