China: U-Ming Marine Orders Four Capesize Bulk Carriers from SWS

February 17, 2012

Shanghai Waigaoqiao Shipbuilding Co.,Ltd (SWS), a full owned subsidiary of China CSSC Holdings Ltd, has secured an order to construct four capesize Bulk Carriers by U-Ming Marine Transport Corporation.

The newbuilding vessels come with the price tag of approximately USD 50 million per vessel and the delivery date is scheduled for 2014.

In addition, there was an optional order for 4 vessels of same types.

Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) was founded in 1999, which is a full-invested subsidiary company of a listed company—China CSSC Holdings Ltd. SWS covers a total area of 5 million square meters, of which the annual shipbuilding capacity is over 7 million deadweight tonnage. As a shipbuilding enterprise which focusing on both the marine and offshore engineering, SWS has fully guaranteed the construction duration and the products quality by utilizing advanced facilities, scientific operational process, effective management and computerized CIMS system. So far, SWS has manufactured over 100 vessels, all of which were delivered ahead of the time. Thus SWS has set up a responsible and credible image for Chinese shipbuilding enterprises, and the company has earned the trust and respect from owners all over the world.

[mappress]
World Maritime News Staff, February 17, 2012; Image: CSSC