en.Wedoany.com Reported - On the evening of June 23, Shanghai Jinjiang Shipping (Group) Co., Ltd. officially announced that its wholly-owned subsidiary, Manqiang Shipping Co., Ltd., and its wholly-owned single-vessel companies, have formally signed construction contracts with Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Hongyuan Shipbuilding Co., Ltd. for 4 1,800TEU container ship options, with a total value of RMB 820 million. The vessels are scheduled for delivery starting in May 2029.
According to the announcement, Jinjiang Shipping held the sixth meeting of its second board of directors on December 26, 2025, and approved the "Proposal on the Planned Investment in the Construction of 4+4 Container Vessels." Per the proposal, Jinjiang Shipping and its subsidiaries plan to invest no more than RMB 1.94 billion to order 4+4 1,800TEU container ships, of which 4 are optional vessels. Payments to the shipyard will be made in five installments according to the vessel construction progress stipulated in the contract. Jinjiang Shipping can independently decide whether to proceed with construction within the contract's effective period, flexibly adapting to market development pace and effectively controlling investment risks. Based on recent market conditions and the company's own development needs, Jinjiang Shipping has decided to proceed with the construction of the 4 optional vessels.
Jinjiang Shipping is a comprehensive shipping company primarily engaged in international and domestic maritime container transport services. For many years, it has continuously deepened its presence in Northeast Asia, Southeast Asia, and domestic routes. The company solidifies its traditional advantageous routes to stabilize its performance foundation; further enhances its differentiated advantages, focusing on building Southeast Asia as a second growth engine; and expands into emerging regional markets, densifying its Asian regional route network to further enhance route competitiveness and brand influence. This investment in new vessel construction is a prudent decision based on Jinjiang Shipping's strategic planning and business development needs. The new vessels will increase the company's fleet size, meet its route expansion needs in the Southeast Asian region, and improve the capacity structure of its Southeast Asian routes. Additionally, they will provide capacity support for enriching the "Silk Road Express" series of premium routes, further assisting the company in replicating its premium service concept in the Southeast Asian region. Furthermore, the company will further promote the upgrade and integration of routes between Northeast Asia and Southeast Asia, offering regional customers more diverse route services and helping to improve route operational efficiency and effectiveness.
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