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Over $100 million order! The shipyard won its first merchant shipping order after bankruptcy and reorganization.

Over $100 million order! The shipyard won its first merchant shipping order after bankruptcy and reorganization.

Column:Industry News    Date:2020/11/9 14:27:30    Viewed:


The bankrupt Qingdao Shipyard, which has received orders for more than $100 million of container ships for the first time, has officially announced its return to the merchant shipping construction market.

Qingdao Yangfan received bulk orders for container ships from "old customers"

On November 3, Huatong Group announced that its Subsidiary Qingdao Shipyard Co., Ltd. actively responded to the continuous downturn of the global shipbuilding market and found new ways to seize the opportunity, making breakthroughs in the transformation of product structure. Recently, huatong Group won the bulk orders for the construction of medium-sized container ships from overseas customers, and signed orders worth more than 100 million US dollars.

This is the Qingdao shipyard after bankruptcy reorganization received the first merchant shipping orders.The acquisition of the bulk order for container ships marks Qingdao Shipyard's official entry into the construction field of medium-sized container ships, and also lays a good foundation for the stable and continuous production and operation of Qingdao Shipyard in the next three to four years.

The Qingdao shipyard is a wholly state-owned shipbuilder owned by Huatong Group and has more than 70 years of shipbuilding history, according to Huatong group.After entering into the large merchant ship market in 2011, the company has formed a mature and perfect design and development system and production and construction capacity in the field of large merchant ships. With efficient team cooperation and work quality, the company has successively delivered 2 large bulk carriers with 206,000 tons for the shipowners in the past two years, and its production capacity and service level have been recognized by the market.This receipt of bulk orders for medium-sized container ships from overseas is an important achievement and embodiment of Qingdao Shipyard's long-term adherence to strong internal quality, external image and honest management.


Although huatong group is not the specific details of Qingdao shipyard latest order information, but according to sources, a wholly owned subsidiary of Qingdao shipyard in Qingdao sailing ship manufacturing co., LTD. Is currently with Belgium shipowners Compagnie Maritime Belge (CMB) negotiated a series of 5500 teu container ship orders, both parties have signed a letter of intent for up to 6 5500 teu container ship building, deal worth up to $288 million.


The container ships built by Qingdao Lifan will be run by Delphis, a container shipping subsidiary of CMB, the source said.

It is worth mentioning that Qingdao Shipyard successfully delivered two 206,000 DWT bulk carriers for CMB between the end of last year and the first half of this year, which is also the largest tonnage ship ever built by Qingdao Shipyard.The two ships were originally ordered by Qingdao Shipyard in 2014, and the first vessel was launched before the company went bankrupt and restructured.Last October, QINGDAO Shipyard named and delivered the first vessel, the "YANGFAN" and the second vessel, the "QINGDAO", to open for business in July.

At the naming ceremony of "MINERAL YANGFAN" last year, Deng Lizeng, general Manager of Huatong Group, said, "CMB is a large European shipping company with strong strength. As an investment company directly under the municipal government, Huatong Group has obvious advantages in capital operation. This joint venture hopes to expand the cooperation space between the two sides through the construction of vessels."

The reorganization of backbone shipbuilding enterprises in Shandong province took one and a half years


Qingdao Shipyard, formerly the state-owned Qingdao Shipyard, was founded on October 1, 1949.Over the past 60 years, Qingdao Shipyard has built more than 600 ships.As a backbone shipbuilding enterprise in Shandong Province, Qingdao Shipyard is the only local enterprise and designated manufacturer of national military products that has obtained the national weapon equipment scientific research and production Class I license issued by the former Commission of Science, Technology and Industry for National Defense. At the same time, Qingdao Shipyard is also a state-level high-tech enterprise and a Qingdao high-tech enterprise.

Social capital, introduced in 2010, Qingdao shipyard, its investors for Beijing jianlong heavy industry group co., LTD., Qingdao huatong state-owned capital operation (group) co., LTD., holding 78% and 22%, respectively, which is a wholly owned subsidiary of Qingdao sailing ship manufacturing co., LTD., mainly developing high-tech and high value-added civil ship.

Since then, the capital chain of Qingdao Shipyard was broken in the first half of 2016 due to the continuous downturn of the international ship market, the production and operation of domestic shipbuilders fell into difficulties, the company's excessive scale expansion, poor management and the failure of bank risk control and other reasons.In December of the same year, the court ruled to accept the bankruptcy reorganization application of Qingdao Shipyard and its wholly-owned subsidiary Qingdao Yangfan.

The bankruptcy and reorganization of Qingdao Shipyard involved 1,147 creditors, with a total debt of 9.1 billion yuan.In the process of strategic investor recruitment, due to the overall impact of the shipping market, there is no external restructuring intention to sign up.To achieve the restructuring goal, Two shareholders of Qingdao Shipyard, Huatong Group and Jianlong Group, participated in the restructuring investment and promised to invest at a price not lower than the liquidation price.

In 2017, Huatong Group and Jianlong Group sub


Since 2019, Qingdao Shipyard has been striving to promote the transformation and upgrading of its product structure, making breakthroughs in the field of non-ship business and large-scale merchant shipping manufacturing.In 2020, Qingdao Shipyard will start construction of Zhifei, China's first autonomous 300TEU container ship. The offshore wind power project will be put into operation, the product structure will be continuously upgraded, and the expansion of the Marine equipment market will be intensified.

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