China and the sea to develop a wholly-owned subsidiary of the proposed 220 million U.S. dollars new 4 bulk cargo ships

NetEase Finance November 19 News of the development of the Friday evening announced that the company's wholly-owned subsidiary to build 4 180,000 DWT bulk carrier, the contract price of about 220 million U.S. dollars. The announcement shows that China Sea development wholly-owned subsidiary of China Sea Development (Hong Kong) Shipping Co., Ltd. is proposed in Shanghai Jiangnan Changxing Heavy Industry Co., ltd to build 4 new 180,000 DWT bulk carrier, the contract price is about 220 million U.S. dollars.　　In addition, the Board of Directors approved and Jiangnan Changxing signed 2 180,000-ton bulk cargo ship selection agreement. At the same time, the China Sea Development Bulletin said that the company intends to share with the Crown Germany's wholly-owned subsidiary of Crown Tak International Investment Co., Ltd. in Hong Kong joint venture to form LNG Transport Investment Co. The company registered capital of 5 million dollars.　　Among them, the development of China Sea investment 3.5 million U.S. dollars, accounting for 70% of the shares, the Crown Germany invested 1.5 million U.S. dollars, accounting for 30% shares, both sides in cash contributions. LNG Transportation Investment Co., Ltd. Business scope: Liquefied natural gas ships and other ships investment, leasing, transportation, management and related cargo agent business. It mainly provides transportation service for the LNG import project of China Petrochemical Corporation.