Fujian Guohang Ocean Shipping

Fujian Guohang Ocean Shipping Group Co Ltd, a shipowner and operator listed on the Beijing Stock Exchange, has announced a significant order for up to 10 methanol-ready kamsarmax bulk carriers. This move represents a substantial step forward in the adoption of more environmentally friendly and efficient shipping technologies. In their regulatory filing,Fujian Guohang Ocean Shipping Group Co Ltd revealed that they have confirmed contracts for four firm 89K DWT bulk carriers with China’s Wuhu Shipyard. These methanol-ready vessels are designed to reduce fuel consumption while also having the capability to carry more cargo, indicating a strategic move towards more sustainable and economically efficient operations. The choice of methanol-ready ships underscores the Fujian Guohang Ocean Shipping Group Co Ltd’s commitment to aligning with global environmental standards and preparing for future shifts in fuel technology. This order of bulk carriers is a clear indication of Fujian Guohang Ocean Shipping Group Co Ltd’s dedication to modernizing its fleet and enhancing its competitive edge in the global shipping industry. 13-December-2023

 

Beijing Stock Exchange-listed shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd is advancing its growth strategy with plans to increase its fleet by 12 new bulk carriers. Recently, Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd exercised its option for two additional 73K DWT panamax bulk carriers from Jiangsu Haitong Offshore Engineering Equipment, building on its January 2023 order for four similar bulk carriers. Additionally, Fujian Guohang Ocean Shipping Group Co Ltd placed an order in July 2023 with Jiangsu Haitong for two 76K DWT panamax bulk carriers. In another move, Fujian Guohang Ocean Shipping Group Co Ltd has ordered four methanol dual-fuel 89K DWT panamax bulk carriers from Wuhu Shipyard in China, with an option for six more. As of now, Fujian Guohang Ocean Shipping Group Co Ltd owns 19 bulk carriers, with six panamax bulk carriers scheduled for delivery in 2024 and 2025. 5-December-2023

 

Beijing Stock Exchange-listed shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd has enriched its order book by securing two additional panamax bulk carrier new buildings at Jiangsu Haitong Offshore Engineering Equipment. Fujian Guohang Ocean Shipping Group Co Ltd has commissioned two panamax bulk carrier new buildings, each weighing 76,000 DWT. Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd will pay approximately $64 million. The scheduled deliveries for these panamax bulk carrier new buildings are set for March 31, 2024, and July 20, 2024, respectively. In December 2022, Fujian Guohang Ocean Shipping Group Co Ltd made its debut on the Beijing Stock Exchange, successfully raising $83 million, albeit falling short of its IPO (initial public offering) target. The primary purpose of this capital was to support the expansion of Fujian Guohang Ocean Shipping Group Co Ltd’s fleet. In January 2023, Beijing Stock Exchange-listed shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd inked an agreement for four firm 73,800 DWT bulk carriers from Jiangsu Haitong, with an option to obtain two more bulk carriers in the future. Currently, Fujian Guohang Ocean Shipping Group Co Ltd has a fleet of 19 bulk carriers. 21-July-2023

 

Beijing Stock Exchange-listed shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd ordered six (6) panamax bulk carrier newbuildings at Jiangsu Haitong Offshore Engineering Equipment. Six (6) panamax bulk carrier newbuildings will boost Fujian Guohang Ocean Shipping Group Co Ltd’s competitiveness and decrease operating costs. Lately, Fujian Guohang Ocean Shipping Group Co Ltd was listed on Beijing Stock Exchange. Fujian Guohang Ocean Shipping Group Co Ltd will pay around $128 million total for six (6) panamax bulk carrier newbuildings at Jiangsu Haitong Offshore Engineering Equipment. Fujian Guohang Ocean Shipping Group Co Ltd’s deal includes an option for two (2) additional panamax bulk carrier newbuildings. Fujian Guohang Ocean Shipping Group Co Ltd expressed the new bulk carriers comprised part of the company’s fleet expansion programme. 17-January-2023

 

Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd has initiated a contract with CSIC-affiliated Qingdao Wuchuan Heavy Industry for the construction of three 86,000 DWT (deadweight tonnage) post-panamax bulk carriers. The total worth of this agreement amounts to $90.7 million and also encompasses options for the construction of an additional five post=panamax bulk carriers of the same distinguished class. These post-panamax bulk carriers shall be skillfully managed by Fujian Guohang Ocean Shipping Group Co Ltd’s esteemed subsidiary, Shanghai Guodian Shipping. The inaugural post-panamax bulk carriers are scheduled for delivery in August 2019, while the remaining two are expected to grace the seas in October 2019. At present, Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd boasts a fleet of 38 bulk carriers. 5-December-2017

 

Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd has gracefully resumed stock trading after an arduous eight-month period of trading suspension. Fujian Guohang Ocean Shipping Group Co Ltd had diligently halted stock trading since November 18, 2016, awaiting the opportune moment for a momentous announcement. Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd expounded that the company had harbored intentions of venturing into the domain of livestock carriers, perceiving potential in the escalating import volume of livestock into China. However, Fujian Guohang Ocean Shipping Group Co Ltd has now elected to relinquish the pursuit, as the company encountered impediments in making significant headway despite several rounds of negotiations with prospective partners.
According to Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd, the company’s reservations concerning the project encompassed the formidable investment costs and the prolonged shipbuilding period mandated. At present, Fujian Guohang Ocean Shipping Group Co Ltd elegantly operates a fleet of 38 bulk carriers. 17-July-2017

 

Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd, a corporation primarily engaged in the dry bulk shipping industry, has officially declared that the board has sanctioned a proposal to establish an oil shipping division in the prestigious city of Tianjin.Chinese shipowner and operator Fujian Guohang Ocean Shipping Group Co Ltd will allocate an impressive sum of $4.7 million to this newly formed oil shipping arm, which shall be duly registered within the esteemed confines of Tianjin Dongjiang Bonded Area. Regrettably, during the initial half of 2015, Fujian Guohang Ocean Shipping Group Co Ltd encountered a nettlesome net loss of $21 million. This financial setback was ascribed to a downturn in the ship charter business and a significant reduction in overall capacity. 27-August-2015