Hong Kong shipowner Wah Kwong Maritime Transport Holdings, Yingxing Financial Leasing (Anhui), and Wuhu Shipyard have jointly launched Huaxing Shipping Co., Ltd., a new shipowning venture that has signed contracts for 12 Ultramax bulk carriers of about 64,500 dwt to be built at Wuhu Shipyard, the company said in a statement.
The contract covers three tranches of four vessels (4+4+4). The signing ceremony and the official launch of the joint venture took place in Wuhu on October 9, with local municipal leaders attending.
According to statements from the partners, the platform is designed to combine ship operation, industrial leasing, and shipbuilding to enhance the efficiency and flexibility of fleet management.
Huaxing Shipping as an investment and operation platform leveraging Wah Kwong’s operational experience, Yingxing’s leasing expertise, and Wuhu Shipyard’s building capacity.
Wah Kwong Maritime Transport Holdings is a privately held shipowner and operator based in Hong Kong, founded in 1952. The company manages a diversified fleet of dry bulk carriers, tankers, and energy transport vessels and maintains active involvement in decarbonisation and alternative-fuel initiatives under its Executive Chairman, Hing Chao.
Yingxing Financial Leasing (Anhui) Co., Ltd. is a financial leasing company incorporated in Anhui Province, China. It focuses on vendor-based leasing in the shipbuilding and transportation sectors and has institutional backing from Wuhu Shipyard and local state-linked investment funds.
Wuhu Shipyard Co., Ltd. is a Chinese shipbuilding company located in Wuhu, Anhui Province. With origins dating back to 1900, it constructs multi-purpose vessels, bulk carriers, and other ship types for domestic and international clients.
