SWS signed newbuild contracts of 22000 TEU Container Vessels

On Sept. 19, Shanghai Waigaoqiao
Shipbuilding Co., Ltd. (SWS), Hudong ¨CZhonghua Shipbuilding (Group) Co.,Ltd (H&Z),
China Shipbuilding Trading Co., Ltd (CSTC) jointly signed thenewbuild contract
of Nine (9) 22000 TEU Container Vessels with CMA-CGM in Marseille, France. The
contract signing refreshed the record of orders undertaking for world largest container
vessels and further solidified the company as the world ultra large container vessels
building center.

Vice President of China State Shipbuilding Corporation
(CSSC), Mr. Nan Daqing attended and witnessed the Contract Signing Ceremony.
President of SWS, Mr. Sheng Jigang, Vice President of H&Z, Mr. Chi Benbing,
Vice President of CSTC, Mr. Lin Feng and CEO of CMA-CGM, Mr. Rodolphe Saad¨¦
signed the contract on behalf of each party. After successfully delivery of three(3)
18000 TEU Container Vessels project, SWS joined hands with CMA-CGM again on the
construction of this 22000 TEU Container Vessels which not only enriched our
production line but also enhanced our comprehensive shipbuilding strength and
international influence.

The deadweight
capacity of this contracted 22000 TEU Container Vessel is almost 220 thousand
Tonnages per vessel, and its loading capacity is 22000 TEU, which is the
biggest loading capacity all over the world. Its emission standard meets the
requirement of emission in the strictest restricted area and its design energy
efficiency meets EEDI Phase III. The overall linear and structure were all further
optimized, the layout and system of large size refrigerate containers was
perfected to significantly reduce the operating costs of single container. This
vessel remains at the forefront of comprehensive power, complex index, average
containers index, consumption index, and cargo capacity index. The comprehensive
performance was regarded as best vessel that guaranteed to win this bid.

Even in rigorous
market environment, SWS has fully taken its brand advantages, with its leading
position on construction and delivery of large size Bulk Carriers, Oil Tankers
and Container Vessels for many years, focused the operation policy of ¡°downsize
scale and get strong to break the crisis, adhere to the bottom line and seize
the orders, make continuous improvement to win benefit, break the high-end to
seek for development¡±, closely followed the market trend and caught the
opportunities.  Since 2017, SWS has got
the breakthrough on seizing the orders of high-tech, high-value products that
ensured the company to steady development and boosted the staff¡¯s morale.

It is reported
that this extra large container vessels project has been the biggest order in
world so far. By successfully undertaken the project, it not only refreshed
company order undertaking record of container vessel, but also demonstrated
that our comprehensive competitiveness was approved again by the world top
class shipowners under the proper leadership of CSSC and joint cooperation with
associate companies in design and construction field, which was significant to
company to take part in the competition of high-value project.

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