On the evening of December 8, China Merchants Energy Shipping (CMES) released the announcement of the “Information on the Meeting of the Third Extraordinary General Meeting of Shareholders in 2023”.
The announcement disclosed that CMES intends to continue to order two 62,000 DWT bulk general-purpose ships and two Kamusa-type bulk carriers in China Merchants Jinling Shipyard (Nanjing). On November 13, CMES issued “on the related party ordering ship related transaction announcement” said that the company and China Merchants Jinling Shipyard (Nanjing) were signed to order two 82,000 DWT dry bulk carriers and two 62,000 DWT multi-purpose ships, the four shipbuilding shipbuilding payments totaling $160 million.
The terms and conditions for the ordering of the four vessels to be newly constructed again are basically the same as the terms and conditions for the ordering of the previous four vessels.
The Fifth Meeting of the Seventh Session of the Board of Directors of CMES held on November 29, 2023 had already considered and passed the ”Resolution on the Consideration of the Connected Transaction of Entering into an Agreement with China Merchants Group for the Building of 4 Dry Bulk Carriers Again” and agreed to continue to place orders for the building of dry bulk carriers at China Merchants Jinling Shipyard (Nanjing). The value of the order does not exceed $160 million.
It is understood that the first batch of four new ships ordered, namely two 82,000 DWT dry bulk carriers and two 62,000 DWT multi-purpose vessels will adopt the latest energy-saving and environmentally friendly ship design of Shanghai Ship Research and Design Institute (SDARI) under China Shipbuilding Group Corporation.
The 82,000 DWT dry bulk carriers are equipped with desulphurization towers and axle-belt generators, which will improve the structure and quality of CMES’s Panamax fleet. While the 62,000 DWT multi-purpose vessels will be equipped with 150-ton cranes, and will enrich the cargo-carrying capacity of CMES’s multi-purpose fleet, laying a solid foundation for expanding the market. The above methanol dual-fuel-powered car carrier will be equipped with a 60-cylinder-bore methanol internal combustion engine, which can use green methanol fuel as well as traditional diesel fuel when necessary, and will ensure the flexibility of fuel refueling for the vessel.