CSSC and China Merchants Group Sign Agreement on Batch Tanker Project

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On May 12, Xu Peng, Secretary of the Party Leadership Group and Chairman of China State Shipbuilding Corporation Limited, led a team to visit strategic partners in Hong Kong. Focusing on jointly serving national strategies, further deepening cross-industry exchanges, and promoting high-quality sustainable development, he held in-depth discussions with Wang Xiangming, Chairman of China Resources (Group) Co., Ltd., and Shi Dai, Director and General Manager of China Merchants Group Co., Ltd. He also witnessed the signing of the Strategic Cooperation Framework Agreement between CSSC and China Resources Group, and the signing of the Batch Oil Tanker Project Agreement between CSSC and China Merchants Group. Wang Jinqiang, Vice President of China Resources Group, Feng Boming, Vice President of China Merchants Group, and Peng Yuanpu, Member of the Party Leadership Group and Vice President of CSSC, participated in the relevant activities.

Xu Peng expressed gratitude to China Resources Group and China Merchants Group for their long-term care and support to CSSC. Xu Peng stated that looking towards the “15th Five-Year Plan” period, CSSC is willing to strengthen exchanges and mutual learning with China Resources Group and China Merchants Group in areas such as international operations and market-oriented management. He expressed the desire to further deepen strategic cooperation with all partners, strengthen “mutual market” dynamics, leverage respective advantages, enhance open innovation and cross-industry exchanges, establish and improve regular communication mechanisms, and expand more pragmatic cooperation scenarios in fields such as technological innovation, industrial synergy, capital operations, and digital transformation and intelligent upgrading, jointly writing a new chapter of high-quality sustainable development.

Wang Xiangming stated that CSSC and China Resources Group each have their own advantages in areas such as industrial layout, technological innovation, and capital operations, with complementary resources and a good foundation for cooperation. Looking to the future, the two sides have broad space for cooperation. He hopes to continue deepening efforts in key areas based on existing cooperation, further strengthen resource linkage, amplify synergistic advantages, establish multi-field, multi-level, and all-round strategic cooperative relations, achieve mutual benefit and win-win results and coordinated development, and jointly make new and greater contributions to serving major national strategies.

Shi Dai stated that in recent years, the cooperation between China Merchants Group and CSSC in areas such as shipbuilding, technology research and development, financial support, and logistics coordination has continued to deepen, achieving a series of results. Currently, China Merchants Group is comprehensively advancing its “Third Entrepreneurship,” accelerating its transformation into a comprehensive enterprise group led by technology and driven by innovation. In the next step, he hopes that both sides will further strengthen communication and exchanges, continuously innovate cooperation models, enhance cooperation intensity, find entry points and cooperation points based on industrial layout development, actively serve the overall national development, and continuously achieve new results on the new journey of building a maritime power, a shipping power, and a manufacturing power.

Relevant department heads and responsible persons from the headquarters of China Resources Group, China Merchants Group, and CSSC participated in the talks.