On January 14th, a tripartite signing ceremony was held between Jiangsu Soho Chuangke Shipbuilding and Zhejiang Shipping Group and Zhejiang Zheshang Financial Leasing on the project of two 63,500DWT Ultramax bulk carriers. As the shipowner, Zhejiang Zheshang Financial Leasing placed an order at Jiangsu Soho Chuangke Shipbuilding to build two 63,500DWT bulk carriers and then bareboat chartered to a Singapore company.
It is reported that this project, as the first internal cooperation project between Zhejiang Shipping Group and Zhejiang Zheshang Financial Leasing, reflects the full implementation of the requirement of strengthening internal cooperation between the two companies put forward by Zhejiang Provincial Transportation Group. The two companies will take this signing as an opportunity to further deepen the cooperative relationship in the ship leasing market, jointly explore the cooperation of different types of ships, different tonnage, different uses of ships, and strive to achieve mutual benefit and win-win cooperation.
Jiangsu Soho Chuangke Shipbuilding Formerly known as Sainty Shipbuilding (Yangzhou), Suntian Shipbuilding was originally a subsidiary of Jiangsu Sainty Shipbuilding was originally a third-tier company of Jiangsu Guoxin Investment Group. which was restructured from Jiangsu Sainty Shipbuilding, established in 2003. In 2016, it became China’s first listed shipbuilding company to go bankrupt due to bankruptcy and reorganization in the wake of severe losses, and then Jiangsu Guoxin Investment Group rescued Sunshine Shipbuilding, which was facing delisting, with a capital injection in exchange for shares.
In March 2017, Sainty Shipbuilding (Yangzhou) was renamed Jiangsu Guoxin Co., Ltd. and announced its “withdrawing from the shipbuilding industry”. In January 2020, Sainty Assets Management delivered its first new ship since its establishment. In 2024, Sainty Machinery, Sainty Minmetals and Sainty Assets of angsu Soho Holdings Group completed the merger and reorganization and were renamed as Soho Chuangke Group, and Yangzhou Sunshine Shipbuilding restarted its shipbiliding business.
Sainty Shipbuilding (Yangzhou) is reported to have received several new orders after successful reorganization. In July 2024, Soho Chuangke released a news that Sainty Shipbuilding (Yangzhou) signed a contract with domestic and international shipowners such as Sea Traders, China Development Bank Financial Leasing (CDB Leasing) and Jiangsu Ocean Shipping for the construction of a total of 10 63,500 DWT BCs, with a contract value of approximately RMB 2.3 billion.
In the same month, Jiangsu Ocean Shipping joined hands with CDB Leasing to place an order for 8 more 64,000 DWT bulk carriers at Sainty Shipbuilding (Yangzhou), and the contract amount is estimated to be more than $260 million.