China’s Seacon Shipping Group Holdings Limited has sealed an April 18 through its indirect wholly owned subsidiary Seacon Shipping Pte. Ltd. a shipbuilding deal with Tsuneishi Group (Zhoushan) Shipbuilding Inc for the building of a 63,300-dwt bulk carrier for a consideration of $38.34m.
The vessel is a 63,300dwt bulk carrier to be constructed and expected to be delivered on April 30, 2027.
The buyer, Seacon Shipping Pte. Ltd, is a private company limited by shares incorporated in Singapore and an indirect wholly-owned subsidiary of the company. It is principally engaged in vessel holding and the provision of chartering services.
On the other hand, shipbuilding and ship repairing business Tsuneishi Group (Zhoushan) Shipbuilding Inc is owned as to 66% and 34% by Tsuneishi and Yangzijiang Shipbuilding (Holdings) Ltd., respectively.
The company said in a filing that the move is in line with the ongoing strategy of the Group to optimize its vessel fleet by gradually phasing out its older controlled vessels and replacing them with newer vessels, as well as to expand the Group’s controlled vessel fleet.
In addition, the bulk carrier is of “higher operational” and “fuel consumption efficiency,” Seacon said, adding that it meets the latest environmental regulations and prevailing specification requirements in the shipping industry.
