On November 28, Fujian Guohang Ocean Shipping (Group) Co., LTD (“Guohang Ocean Shipping”) issued the “Announcement on the Sale of Assets”.
The announcement disclosed that Guohang Ocean Shipping plans to sell or dismantle two vessels, “Guoyuan 6” and “Guoyuan 7”, in accordance with the company’s overall capacity deployment strategy to further adjust and optimize the capacity structure.
Both vessels are over 25 years old. The book value of “Guoyuan 6” is RMB 65.86 million, and it was built in 1997; the book value of “Guoyuan 7” is RMB 66.20 million, and it was also built in 1997; the total book value of the two vessels is RMB 132 million.
The announcement stated that Guohang Ocean Shipping is actively responding to the global shipping decarbonization goal and implementing a green and low-carbon transformation and development strategy: on the one hand, it uses the raised funds plus self-raised funds to build green ships.
As of November 27, 2024, the company has disclosed that it has signed construction contracts for fourteen vessels and six option contracts for another six vessels, all of which are 70,000-80,000 ton dry bulk carriers. Currently, five vessels have obtained ownership certificates.
On the other hand, by promoting vessel technical transformation and renewal, the company continues to promote the optimization of its own fleet’s capacity and the construction of new green, low-carbon and energy-saving ships.
For example, “Guodian 7” has been put into foreign trade routes after the transformation in August, actively responding to the International Maritime Organization’s emission reduction rules that came into effect in January 2023 and the EU carbon tax requirements.