Recently, German shipping company HS Schiffahrts Group, in collaboration with ship financing institution Mare Trust, jointly placed an order for 10 multi-purpose vessels at Suhao Shipbuilding Heavy Industry.
This order includes 4+2+2+2 12,500 deadweight ton multi-purpose heavy lift vessels, scheduled for delivery between August 2027 and February 2029. The cost of each new vessel is approximately $30 million. If all option orders are confirmed, the total value for all 10 vessels will reach $300 million (approximately RMB 2.136 billion).
According to the plan, Mare Trust will act as an equity investor, providing €110 million (approximately RMB 919 million) in funding for this newbuilding project.
Data from its official website shows that Mare Trust currently holds shares in 65 vessels, mainly container ships, dry cargo ships, and multi-purpose vessels under 30,000 tons, with a total equity capital of €137 million. It has a total of 34 new vessels under construction, with a total value of $925 million, including 14 1,200 TEU container ships being built for a German shipowner.
The latest order marks a significant expansion for HS Schiffahrts in the multi-purpose vessel sector. Currently, this shipowner operates 5 multi-purpose vessels ranging from 8,200 to 13,500 deadweight tons and manages approximately 30 vessels in the feeder container ship and dry bulk carrier segments.
Including the latest order, Clarksons’ data shows that Suhao Shipbuilding Heavy Industry currently has a total orderbook of 8 vessels totaling 105,250 deadweight tons, comprising 4 general cargo ships and 4 multi-purpose vessels, with delivery schedules extending until 2028.
