First Orders for Four New-model Container Carriers from Chinese State-owned Company Latest Model Features Improved Fuel Efficiency and Working Environment

These four newly ordered vessels will be operated by Shanghai Haihua Shipping Co., Ltd. (HASCO), a member of the SIPG Group. HASCO is a state-owned shipping company that handles regular container transport on shipping routes between China and Japan and between China and Southeast Asia. On April 11, representatives from both of these companies were in Japan for a contract signing ceremony held at Tsuneishi Shipbuilding's main shipyard in Numakuma-cho Fukuyama city, Hiroshima. After signing the contract, ship owner representative SIPG's Vice President Huang Xin and Hong Kong-based subsidiary's General Manager Gu Jianmin remarked "the high energy-saving performance of this ship model not only cuts operational costs for our maritime business, it is certain to contribute to environmental protection as well. In view of the TZS's latest shipbuilding equipment and processes and their quality control system, we feel that everyone is enthusiastic about building the vessels. And we are looking forward to their completion."

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Caption: At the contract signing ceremony on Friday April 11

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Caption: Photo of 1020TEU type container carrier (a Kambara Kisen vessel)

- Applied with "SEAWORTHY" system for reducing wave resistance in the bow, which allows the sea margin (for increased wave resistance) to be reduced by as much as 5%. This was jointly developed with Hiroshima University.

- Achieved stability performance with 650TEU 14 mt container capacity.

- Improved environmental protection specifications with double layered fuel tank, air sealed pipes at the stern, and ballast water treatment equipment.

- Enables loading of various cargo, including dangerous materials and freezing containers.