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Entering the new shipbuilding market, Kawa Shipping invested 1.76 billion yuan in shipbuilding

Kawa Shipping spent $1.76 billion to build the ship


Recently, another new consolidation company entered the market. On December 30, 2024, the ship "Jiahua Ningbo" left the Chuanshan port area of Zhoushan Port in Ningbo, bound for Wilhelmshaven, Germany, marking the smooth maiden voyage of the Ningbo Zhoushan Port - Wilhelmshaven "China-Europe Express" (CEX).


"KAWA Ningbo" ship is operated by Kawa SHIPPING (Hong Kong) Co., LTD. (referred to as "Kawa Shipping", KAWA SHIPPING), which was registered in Hong Kong in 2023 and is held by Turkish and UAE companies, and is described on its official website as the fastest growing private international container shipping company in China.

Jiahua Shipping mainly operates Middle East routes, and since its first voyage to Qingdao Port on January 23, 2024, it has successfully connected with domestic and foreign ports such as Ningbo Port, Shanghai Port, Qingdao Port, Lianyungang Port, Dalian Port and Jebel Ali Port.

According to the official website, in July 2024, Jiahua Shipping was included as a shareholder of the German Wilhelmshafen Asset Light Project by Zhejiang Port Group. In September 2024, Zhejiang Harbour Logistics Group signed a memorandum of understanding on tripartite cooperation with German Container Terminal Marketing Co., Ltd. and Beijing Fengtai District Commerce Bureau, and established a German asset-light company in the same month. In November 2024, Zhejiang Harbour Logistics Group signed a memorandum of understanding (MOU) with Jiahua Shipping, Sino-Europe Business Logistics Cooperation Park and Wilhelmshavn Container Terminal Marketing Co., Ltd. on the opening of the "Sino-Europe Express" service.


KAWA SHIPPING enters the new shipbuilding market


Ningbo Zhoushan Port - Wilhelmport "China-Europe Express" is a "point-to-point" direct route between Ningbo Zhoushan Port and Wilhelmport, which does not attach to any transit port, and the cargo transit time is only 26 days, which is about 12 days less than the traditional way, becoming the fastest direct route between Ningbo Zhoushan Port and Europe. It is worth noting that this route passes through the Suez Canal, while other large liner companies choose to bypass the Cape of Good Hope on Asia-Europe routes because of the Red Sea crisis.

According to Alphaliner, as of January 16, 2025, Ka Wah Line chartered nine vessels with a total capacity of 152,18TEU, ranking 62nd in the world. Vessels Value, built in 2002 with a maximum container capacity of 2,496TEU, previously known as Wanhai 303, purchased the vessel for $13 million in July 2024.

According to trade winds, Ka Wah Shipping recently signed a new shipbuilding contract worth up to $240 million (about 1.76 billion yuan), ordering 3+1 4,800TEU container ships from Wuhu Shipyard. The vessels, which use conventional fuel designs and cost about $60 million per vessel, are expected to be delivered between May and September 2027.

Since the outbreak, a number of new players have entered the container transportation market. The common feature of these shipping companies is that they have an Asian or Middle Eastern background, are mostly registered in China or Dubai, charter or purchase small container ships, and target niche markets (niche markets). After black swan events such as the Russia-Ukraine conflict and the Red Sea crisis, mainstream large liner companies withdrew from relevant markets, giving these new companies room to survive.

If we trace the source, many of these shipping companies are "vests", which are enterprises established to avoid risks, so they can quickly invest in capital charter ships to buy ships, flexibly open new routes to seize the market, and soon rank among the top 100 or even the top 50 in the global liner capacity ranking. Under the trend of intensifying geopolitical conflicts, more and more such new shipping companies may enter the market.
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