iMarine

China Merchants Group to Self-Build and Self-Finance Four Multi-Purpose Heavy Lift Vessels

On February 18th, CMB Financial Leasing and China Merchants Energy Shipping (“CMES”), China Merchants Industry and China Merchants Jinling Shipyard (Nanjing) (“CMJL (Nanjing)”) held a signing ceremony in Shenzhen for four 62,000 DWT multi-purpose heavy lift vessels.

The four 62,000 DWT multi-purpose heavy lift vessels contracted this time have both advanced design and excellent cargoability, and are the largest vessels of the same type in the world, which is a model of the new generation of multi-purpose heavy lift vessels.

The vessel has a length of 199.90 meters, a beam of 32.26 meters and a service speed of 14.40 knots. With advanced hull structure and large openings in the cargo hold, the vessel is capable of loading heavy equipment, pulp and various solid bulk cargoes flexibly, and is also compatible with containers.

The vessel has excellent energy efficiency indicators, with EEDI indicators reaching Phase3 standards, NOx emissions meeting TierIII requirements, and meeting the latest Sox emission standards, demonstrating the environmental advantages of green energy saving.

As the first self-built and self-financed project of China Merchants Group, this initiative fully demonstrates the Group’s robust industrial synergy capabilities and its ability to integrate industry with finance, thereby supporting the high-quality development of the shipping industry.

CMB Financial Leasing: CMB Financial Leasing is a wholly-owned subsidiary of China Merchants Bank. It provides financial leasing services across various sectors, including aviation, shipping, and new energy.

China Merchants Energy Shipping (CMES): CMES is a subsidiary of China Merchants Group, specializing in international and domestic shipping services. It focuses on the transportation of crude oil, dry bulk, and LNG.

China Merchants Jinling Shipyard (Nanjing): A shipbuilding entity under China Merchants Industry, a subsidiary of China Merchants Group, CMJL (Nanjing) specializes in constructing advanced vessels, supporting the Group’s industrial and maritime development goals.

China Merchants Group: As the parent company, it is a state-owned conglomerate with businesses spanning finance, shipping, logistics, and manufacturing. CMB Financial Leasing, CMES, and CMJL (Nanjing) are integral parts of its ecosystem, showcasing the Group’s industrial synergy and integrated development model.

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