“CUL LAEMCHABANG”, the finale of CULINES’ 4 1930TEU container newbuildings was successfully named and delivered at CSSC Whampoa Wenchong Shipyard Guangzhou South Salon point factory.
Ms. Lixin Han, the doctoral supervisor CEO from DLMU, named and cut the ribbon for the new building as the godmother.
Attendees
Professor Minqiang Xu, the deputy secretary of the Party Committee from DLMU, Mr. Jianqiang Lou, president of Antong Holdings Co., Ltd, Mr. Bing Luo, CEO of CSSC Huangpu Wenchong Shipbuilding Company Limited and Mr. Raymond Chen, president & CEO of CULINES attended the ceremony jointly and delivered the speech.
Mr. Lingtang Zheng, the vice general manager of Guangzhou Port Group, Mr. Keng Chen, vice president and the general manager of the Southern Region of Norwegian Classification Society Group, Mr. Yiyu Zhang, president of Linktrans Logistics Co., Ltd, Mt. Yu Yang, CEO of ship and sea business dept. from CSTC and Mr. Kevin Ding, executive vice president of CULINES and all relevant leaders jointly witnessed the signing of ship delivery documentation.
A successful conclusion of CULINES’ 1930TEU project
The 1930TEU series container vessels are the breakthrough of CULINES’ newbuildings
The smooth delivery of “CUL LAEM CHABANG” successfully concluded the project of 4 1930TEU container newbuildings that CSSC Huangpu Wenchong Shipbuilding Company Limited built for CULINES. The 1930TEU series container vessels are the breakthrough of CULINES’ newbuildings.
The delivered “CUL NANSHA”, “CUL YANGPU” and “CUL BANGKOK” have well expressed the high quality of CSSC and elegant spirit of CULINES on their sailings in Thai, Vietnamese and Mediterranean areas, and “CUL LAEM CHABANG” is then planned to be delivered into South East Asia and East Med services.
Vessel quality and high building efficiency
CSSC has made great efforts during the construction of 1930TEU series newbuildings to overcome the delay of goods’ arrival caused by the epidemic and well-guaranteed vessel quality and high building efficiency. The construction period lasted 15 months in total, dating from July 1st, 2021 to September 21st, 2022.
The delivery time of the 4 vessels is significantly earlier than that expected with an average of five and a half for each, which comprehensively embodied the advantage of CSSC being the leading company in the container vessel construction field.
Capacity optimisation and cost advantages
CULINES will develop further in capacity allocation, innovation, and diversity supported by the capital market
With the delivery of 1930TEU series vessels, the proportion of CULINES’ self-owned shipping capacity increased to 18% and charter hire from the market will decrease to 20% coupled with Antong Holdings’ cooperation. In the face of market fluctuation, the participation of 1930TEU series vessels will further optimise the capacity structure of CULINES and is instrumental in cost-saving advantages.
It will better react to market cycles and uncertainties that benefited from more flexible service lane products. It is believed that CULINES will develop further in capacity allocation, innovation, and diversity supported by the capital market to provide services to customers with higher quality and efficiency in the future.
Direct donation to DLMU
A good fleet needs good crews. DMLU, for example, as representative of the college of marine studies, has provided high-quality crews and shipping talents to the country. Crews are also one of the groups that need to be focused on and respected in an epidemic environment.
CULINES is an enterprise that thinks highly of ESG and always insists to create values and contribute to society. Therefore, CULINES officially launched the directional donation to DLMU proposing to start with 1 million Yuan and buildup gradually.
Maritime university
It is also a great opportunity for CULINES to show its gratitude to all crews and active support of DLMU’s “double first-class” and “world-class maritime university” construction. This includes but is not limited to maritime education, crew training, scientific research, talent introduction and cultivation, discipline construction, cultural construction, and campus infrastructure construction, etc, which will jointly contribute to the development of the shipping industry.
Mr. Kevin Ding, the executive vice president, Mr. Xinyu Yang, director of the office of alumni affairs and cooperation from DLMU, Mr. Raymond Chen, the president and CEO of CULINES and Mr. Minqiang Xu, the deputy secretary of the Party Committee from DLMU, etc, jointly witnessed the signing ceremony.
