Recently, Zhejiang Xinle Shipbuilding Co., Ltd. has been awarded a large order for newbuildings from Turkey’s MILA, which is for 12 8,340 DWT general cargo vessels and 6 7,500 DWT tankers. The total order amounted to $230 million, and the expected delivery date is scheduled to 2027.
The owner of this new order is the Turkish based company Mlla, which is backed by the Turkish state owned major grain and oil trader AVES, which owns the largest fully integrated crushing and edible oil processing plant in Turkey, with subsidiaries all over the world, and more than 30 years of experience in international commodity trading. In addition to biodiesel production, vegetable oil and petroleum storage, and management of the offshore marine terminal “SAVKA”, AVES has demonstrated its effectiveness in international trade of vegetable oils, oilseeds and grains.
It is worth noting that the Chinese government has recently agreed to expand the opening of Ningbo Port, expanding the open area of 58.13 square kilometers in the three port areas of Chuanshan, Xiangshan and Shipu.
According to the approval, there are 5 key projects involving No.1 berth of container terminal in Pingshan Port, Xinle Shipyard and Dazhongzhuang Terminal in Xiangshan Port, Xingang Terminal in Shipu Port and 10,000-ton terminal of China CO-OP Group. As one of the opened ports, Xinle Shipbuilding will cooperate with the management of the open ports and add another open pier for the neighboring areas of Ningdi and Xiangshan. Meanwhile, benefiting from the opening port policy, Xinle Shipbuilding’s export-oriented ship repair business will usher in the opportunity of rapid development.
The approval is significant for Xinle Shipbuilding. “Previously, the shipyard could deliver the repaired ships through other ports in Ningbo. After the opening, it becomes the only open port for ship repair in Ningbo, and the ship can be delivered at the dock in front of the house, which greatly saves the cost. At the same time, with the opening of convenient conditions, can also promote the periphery of the revenue generation, improve enterprise efficiency.” Feng Keicai, vice president of Zhejiang Xinle Shipbuilding Co.
