The joint venture shipyard has been established for less than 3 years and has delivered nearly 30 ships in total, with more than 39 orders in hand. The cooperation between Yangzijiang Shipbuilding Group, the largest private shipping company in China, and Mitsui, the largest consortium in Japan, is ushering in a bumper harvest.
It is reported that Yangzi Mitsui Shipbuilding, a joint venture shipyard between Yangzijiang Shipbuilding Group and Japan’s Mitsui, has recently received orders for four 66,000dwt bulk carriers. This is the first time Mitsui E&S Shipbuilding has participated in the marketing activities of Yangzi Mitsui Shipbuilding. According to sources, the order came from Singapore-based company JALDHI OVERSEAS, which is part of an Indian shipper. The new ship will adopt the “neo66BC” design of Mitsui E&S Shipbuilding, which is a wide-body shallow draft 66,000dwt bulk carrier in Mitsui E&S Shipbuilding‘s “neo series” (Type 66) environmentally friendly low fuel consumption ships. Delivery in the second half of the year to the first half of 2025.
Mitsui E&S Shipbuilding signed a drawing supply agreement with Yangzi Mitsui Shipbuilding for the first time at the end of 2020 to provide Yangzi Mitsui Shipbuilding with drawings of the Type 66 bulk carrier designed by Mitsui E&S Shipbuilding and will collect license fees when Yangzi Mitsui Shipbuilding builds related ships. According to the agreement, Mitsui E&S Shipbuilding can charge a certain license fee for each bulk carrier built by Yangzi Mitsui Shipbuilding.
The latest order is the third time that Yangzi Mitsui Shipbuilding has undertaken a ship order designed by Mitsui E&S Shipbuilding. Previously, Bangladesh’s Meghna Group ordered four 66,000dwt bulk carriers in January 2021, and another Japanese shipowner ordered four 66,000dwt bulk carriers in July this year. However, so far these new building orders have been sold through trading companies and shipbrokers, and JALDHI‘s order is the first project that Mitsui E&S Shipbuilding is responsible for selling in addition to providing design drawings.
JALDHI currently owns and operates two 66,000dwt bulk carriers built by Mitsui E&S Shipbuilding, Jal Kalpavriksh and Jal Kalpataru, delivered last year. Among them, the “Jal Kalpataru” delivered in July last year is the last commercial ship under construction delivered by Mitsui E&S Shipbuilding.
JALDHI evaluated the performance of the two vessels in actual sea conditions, with their wide body and shallow draft design capable of carrying large volumes of cargo even in shallow water ports in India. JALDHI hopes to order more ships of the same type at Mitsui E&S Shipbuilding, and Yangzi Mitsui Shipbuilding thus won the order.
It is understood that Yangzi Mitsui Shipbuilding was established as a joint venture by Mitsui E&S holding subsidiary Mitsui E&S Shipbuilding, Mitsui & Co., Ltd., and Yangzijiang Shipbuilding Group. It was officially opened and put into production in October 2019. As Mitsui E&S Shipbuilding decided to completely withdraw from the shipbuilding market, its merchant shipping business and subsequent orders were transferred to Yangzi Mitsui Shipbuilding and its Japanese partner Tsuneishi Shipbuilding.
Yangzi Mitsui adheres to the positioning of designing and building high-end marine products, integrating the resource advantages of the Yangzijiang Shipbuilding Group Technology Center, the advanced design concepts of Mitsui E&S Shipbuilding and the research and development capabilities of the ship line, and performance optimization of the Akishima Laboratory. A complete design system integrating concept design to production design. At present, Yangzi Mitsui can build various types of merchant ships under 100,000 tons.
Since the establishment of Yangzi Mitsui, it has given full play to the three core competitiveness of advanced design and development, the quality standards of Mitsui Shipbuilding, and the cost control of Yangzijiang Shipbuilding, and vigorously implemented the international business strategy. From 2020 to 7 ships, 11 ships will be delivered in 2021. 15 ships are planned to be delivered by 2022, and the production capacity has been effectively released and increased.
In addition to bulk carriers, Yangzi Mitsui Shipbuilding won the first construction contract for three 40,000cbm dual-fuel LPG/Liquid ammonia carriers from German shipowners in June last year, and this year, it has also undertaken two 36,000cbm dual-fuel liquefied ethylene (LEG) Carrier Order. In the future, Yangzi Mitsui Shipbuilding plans to use oil tankers, chemical tankers such as tankers, LNG, LEG, LPG, and other high-tech and high-value-added clean energy ships as the main products and will become a “large-scale green clean energy ship” production base.
According to the International Ship Network, since the start of production in May 2019, Yangzi Mitsui Shipbuilding has delivered nearly 30 ships of various types, most of which are bulk carriers. According to Clarkson‘s data, Yangzi Mitsui Shipbuilding currently has a total of 35 ships with 2.3891 million DWT on order. Except for 3 LPG ships and 2 LEG ships, the remaining 30 ships are bulk carriers. With this order, Yangzi Mitsui Shipbuilding the cumulative number of orders in hand has reached 39, and the production task has been fully scheduled until 2025.
JALDHI目前拥有并运营两艘由三井E&S造船建造的66000载重吨散货船，分别是“Jal Kalpavriksh”号和“Jal Kalpataru”号，在去年交付。其中，去年7月交付的“Jal Kalpataru”号是三井E&S造船交付的最后一艘在建商船。