en.Wedoany.com Reported - The first Capesize bulk carrier of Guohang Ocean Group, the "GH VISION", has successfully completed its handover. This marks the company's official entry into the operation of large bulk carriers, solidifying its capacity for large-tonnage iron ore transportation, and adding a crucial asset to its service of global commodity trade and the strengthening of its core competitiveness.

Formerly named "MICHALIS H", the "GH VISION" was acquired in February this year by Century Maritime Limited, a wholly-owned subsidiary of Guohang Ocean in Hong Kong, for a total consideration of $35.175 million, equivalent to approximately 245 million RMB at the exchange rate at that time. In March, Century Maritime Limited signed a Bareboat Charter Contract with Bank of Communications Financial Leasing Co., Ltd., stipulating a lease term of 96 months, commencing from the actual delivery date.

The "GH VISION" was built by Dalian Shipbuilding Industry Co., Ltd. and delivered in 2012. Its IMO number is 9637791, classed by Lloyd's Register, flying the Liberian flag, with a gross tonnage of 94,710 tons and a deadweight of 180,355 tons. The vessel features an optimized hull form, energy-saving devices, high propulsion efficiency, low fuel consumption, excellent EEDI performance, and significant operational cost advantages.

The vessel demonstrates significant advantages in transportation efficiency, cost control, resource compatibility, operational stability, compliance, and value retention: Its principal dimensions and tonnage are well-suited for key long-haul routes such as Australia/Brazil to China, enabling direct calls at large mineral terminals; its single-vessel carrying capacity is large, resulting in much lower unit transportation costs compared to small and medium-sized vessels; built in 2012, it avoids the peak depreciation period of new vessels and the high maintenance costs of older vessels, offering excellent operational value for money.

The successful delivery of the "GH VISION" represents more than just "adding one more ship". It further expands Guohang Ocean's capacity advantage in the ultra-large dry bulk carrier segment, completing its fleet layout across all vessel types from Panamax and Handysize to Capesize, and driving the optimization and upgrade of its fleet scale and structure.

Capesize bulk carriers are a key barometer of the global dry bulk market, with their capacity and freight rates directly reflecting the trade demand for industrial raw materials like iron ore and coal. As a mainstream specification vessel, the "GH VISION" will help Guohang Ocean expand its capacity, improve its structure, enhance its independent operational efficiency and stability, reduce operating costs, and strengthen its market competitiveness and profitability.

It is understood that Guohang Ocean was established in April 2001, primarily engaged in the dry bulk transportation business on international ocean, Chinese coastal, and middle and lower reaches of the Yangtze River routes. It is one of China's major dry bulk shipping enterprises. After over two decades of development, it successfully listed on the Beijing Stock Exchange on December 15, 2022, becoming the "first shipping stock" on the BSE and the first enterprise from Fujian Province to list on the BSE. It has formed a business layout primarily focused on shipping operations, supplemented by related businesses such as ship management and commodity trading.

According to the Ministry of Transport's "China Shipping Development Report", from 2019 to 2024, Guohang Ocean's managed fleet scale ranked among the top five in China's industry for six consecutive years, and its coastal fleet scale in China also ranked among the top five for six consecutive years.

As of January 29, 2026, Guohang Ocean operates 21 self-owned dry bulk carriers, with a total capacity exceeding 1.5 million deadweight tons, and green-capable vessels accounting for over 30% of its fleet. The Group's dry bulk fleet is primarily composed of Panamax vessels, complemented by Handysize vessels; the average vessel age is 7 years, significantly lower than the industry average.

In the future, Guohang Ocean Group will continue to optimize its fleet structure, enhance operational efficiency, deepen its green transformation, and strive to build a safe, efficient, green, and intelligent modern shipping fleet, contributing greater strength to the smooth flow of global trade and economic development!

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