On July 15, Wuhu Shipyard Co., Ltd., together with its subsidiaries Yingxing Financial Leasing (Anhui) Co., Ltd. and Anhui Haizhi Equipment Research Institute, signed a strategic cooperation agreement with Wah Kwong Maritime Transport Holdings Limited in Hong Kong. The signing ceremony was witnessed by Wah Kwong’s Executive Chairman Stephen Ching, Wuhu Shipyard’s Party Committee Secretary and Chairman Zhang Zhao, and Yingxing Financial Leasing General Manager Zhu Qi, marking a milestone in industrial collaboration.
This tripartite partnership establishes an integrated “shipping operations + equipment manufacturing + financial services” cooperation system, creating a groundbreaking industrial ecosystem that covers the entire lifecycle of vessels. By deeply integrating Wah Kwong’s global shipping network with Wuhu Shipyard’s strengths in R&D, high-end intelligent manufacturing, and financial leasing services, the collaboration forms a comprehensive maritime industry-finance service chain. This innovative initiative not only demonstrates Wuhu Shipyard’s leading role in the industrial chain but also represents a critical step in advancing the shipping industry’s transformation toward high-end, intensive, and green development.
As a backbone shipbuilding enterprise with 125 years of history, Wuhu Shipyard has consistently prioritized serving national strategies while achieving breakthroughs in high-end vessel construction. In 2024, the company’s industrial output exceeded 8 billion yuan, with its chemical tanker new orders ranking first globally and its market share in multi-purpose vessels and product tankers remaining among the world’s leaders. Leveraging intelligent production lines, Wuhu Shipyard is accelerating the development of green and smart vessels, driving the global shipping industry’s low-carbon transition with cutting-edge technology.
Guided by China’s 14th Five-Year Plan, Wuhu Shipyard has pioneered the transformation from a traditional manufacturer to a comprehensive “intelligent manufacturing + services” solution provider. It has built a complete industrial ecosystem encompassing Haizhi Equipment Research Institute (R&D and design), Yingxing Financial Leasing (financial support), Sandianshui New Energy (green energy), and Zhiyuan Supply Chain (supply chain services), delivering exceptional value to global clients.
As Wuhu Shipyard’s dedicated financial platform, Yingxing Financial Leasing will leverage its dual “industry + finance” advantages to provide customized financing solutions for large-scale fleet construction. The three parties will jointly explore international markets, promote deeper alignment between Chinese shipbuilding standards, financial service models, and global shipping regulations, and amplify the shipping industry’s voice on the global stage.
Wah Kwong is a Hong Kong-based family-owned shipping company with over 70 years of history, specializing in ship ownership, vessel management, technical consultancy, and dry bulk operations. With a global presence, it maintains offices in Shenzhen, London, and Genoa. Founded in 1952 by Mr. T.Y. Chao, the company is now managed by the third generation of the Chao family. Wah Kwong owns and operates a diversified fleet while providing full lifecycle vessel management services to clients across China, Asia, the Middle East, and Europe. A leader in shipping decarbonization, Wah Kwong pioneers technological development by demonstrating the feasibility of innovative solutions through research and pilot projects.
Amid the global shipping industry’s green transition, Wuhu Shipyard will seize this partnership opportunity to collaborate with Wah Kwong and Yingxing Financial Leasing in deepening technological and business model innovations, particularly in smart vessels and low-carbon fuel applications. Committed to China’s “Manufacturing Power” and “Maritime Power” strategies, Wuhu Shipyard will drive high-quality development in the shipping industry with broader vision and concrete measures, contributing to a global green community with a shared future.
