en.Wedoany.com Reported - On May 6, China's Tianhai Fusion Defense Equipment Technology Co., Ltd. (Tianhai Defense) announced that it intends to provide counter-guarantees for the external guarantee issuance matters of its wholly-owned subsidiary, Jiangsu Dajin Heavy Industry Co., Ltd. (Dajin Heavy Industry), and to provide guarantees for Dajin Heavy Industry. This involves three 64,500 dwt bulk carriers and two tug/supply vessels constructed by Dajin Heavy Industry.
According to the announcement, Dajin Heavy Industry has signed construction contracts for three 64,500 dwt bulk carriers and corresponding "Ship Export Cooperation Agreements" (hereinafter referred to as the Main Contracts) with Anhui Guomao Haichang Trading Co., Ltd. (Guomao Haichang). Tianhai Defense intends to provide counter-guarantees to Guomao Haichang for Dajin Heavy Industry regarding guarantee matters under the Main Contracts, with a total amount not exceeding USD 50.25 million. The estimated total guarantee amount is approximately RMB 344 million, and a "Guarantee (Surety) Contract" will be signed with Guomao Haichang. The effectiveness of this counter-guarantee will take effect on a case-by-case basis according to the actual effective date of the guarantees.
The hull numbers for this batch of bulk carriers are DJHC6601, DJHC6602, and DJHC6603, respectively. Construction is expected to commence in May, August, and December 2027, with deliveries planned for May, August, and November 2028.
Dajin Heavy Industry has undertaken the construction of two 65-meter, 90-ton bollard pull tug/supply vessels and signed two shipbuilding contracts with the shipowner NAM CHEONG DOCKYARD SDN. BHD. Tianhai Defense intends to provide guarantees for Dajin Heavy Industry under these two contracts, with the total guarantee amount not exceeding USD 15.6 million, equivalent to approximately RMB 107 million, and will issue two "Corporate Guarantees." The effectiveness of these guarantees will take effect on a case-by-case basis according to the actual payment situation.
The hull numbers for this batch of tug/supply vessels are SK 927 and SK 928, respectively.
Jiangsu Dajin Heavy Industry Co., Ltd. is 100% owned by Tianhai Defense, with its main business being the design and construction of ships and offshore engineering. In 2025, Dajin Heavy Industry achieved operating revenue of RMB 4.05 billion and a profit of RMB 270 million.
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