Wah Kwong Maritime Transport Holdings has partnered with YingXing Financial Leasing, a financial service platform partially invested by Wuhu Shipyard, to establish a joint venture—Huaxing Shipping.
The shipping joint venture has placed an order with Wuhu Shipyard for three batches of 12 Ultramax bulk carriers, each with a capacity of 64,500 dwt.
“This collaboration deeply integrates the core resources of the shipping industry chain, creating a business model of “shipping company + industrial leasing + shipyard.” Through the powerful combination and complementary advantages of the partners, it injects new developmental momentum into the traditional shipping industry, jointly building an open, collaborative, and efficient new shipping ecosystem,” according to Wah Kwong.
This model not only secures a fleet of low-consumption, modern, and high-quality shipping capacity but also drives the industry toward green, low-carbon, and efficient operations.
Hing Chao, Executive Chairman of Wah Kwong, stated that this collaboration will enable the three parties to jointly explore the path of green transformation in the shipping industry, and continuously create long-term value for customers and the entire sector.
In July this year, Wah Kwong, Wuhu Shipyard, Yingxing Financial Leasing and Anhui Haizhi Equipment Research Institute, had forged partnership to build an integrated cooperation system of “shipping operation + equipment manufacturing + financial services” to build an industrial ecological closed loop covering the entire life cycle of ships.
