China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn).
The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing and Yingxing Financial Leasing.
The deal will see the trio establish “a long-term cooperation mechanism, and comprehensively deepen strategic cooperation” in multiple fields including ship financial leasing, development of new energy-efficient vessels, ship asset transfer, and technical consulting services.
Both leasing houses had previously been involved in newbuilding projects at the yard. Most recently, Yingxing Financial Leasing backed RFOcean on its chemical tanker order, the eighth of the 6,600 dwt methanol dual-fuel newbuilds the UK-based owner has booked for construction at Wuhu.
