According to the latest market report sent by Clarkson to Xinde Maritime Network, ICBC Leasing and CITIC Metals announced the execution of alternative shipbuilding orders for two 210,000dwt Newcastlemax dry bulk ships in Shanghai Waigaoqiao Shipbuilding SWS, which are expected to be delivered in 2022.
This means that CITIC Metal, a large state-owned enterprise that previously mainly involved in the shipping industry as a leaseholder, has begun to officially enter the "ship owner" field.
As a state-owned enterprise mainly engaged in the trade and investment of metal mineral commodities, CITIC Metals is a very famous and active renter in the shipping industry. But the above new ship orders mean that they will officially begin to form and master their own large dry bulk ship fleet.
According to Clarkson's news in December last year, "ICBC Leasing placed an order for 2+2 210,000DWT Newcastlemax bulk carriers at Waigaoqiao Shipbuilding, which are expected to be delivered in 2021." At that time, the new ship order did not mention CITIC Metal's name.
According to Xinde Maritime Network, CITIC Metal Group Limited (hereinafter referred to as "CITIC Metal") is an integrated two major subsidiaries, including China CITIC Group Co., Ltd., (hereinafter referred to as CITIC Group). In order to coordinate the coordinated development of subsidiaries in the field of mineral resources, build a strong mining platform, and enhance industry competitiveness and market position, CITIC Metal Group Co., Ltd. has integrated two of its major subsidiaries, CITIC Metal Group Co., Ltd. and CITIC Yulian Investment Co., Ltd.
The company officially started operating in December 2016 and is mainly engaged in the trade and investment business of metal mineral commodities. The main trading varieties include niobium products, iron ore, non-ferrous metals, steel, coal, chemicals, etc.; the main investment projects include Brazilian mining and smelting company, Peru Bangbas Copper Mine, Canada Ivanhoe Mining Company, CITIC Titanium Industry, Zhongbosch Gold, Western Superconductor, CITIC Damanganese, Tianjin Precious Metal Exchange , etc. In addition, it is also entrusted by CITIC Group to manage Jinzhou Metals, Xingguang Mining and other companies.
According to Xinde Maritime Network, the orders for the four new ships of 210,000-dwt have been finally confirmed, and desulfurization equipment will be installed, with a cost of approximately US$53 million per ship. CITIC Metals has given an 8-year bareboat charter contract, but the specific terms are subject to further disclosure.
From the above orders, we can see that the previous "big renter" CITIC Metals is slowly becoming more and more aware of becoming a "ship owner".
It should be noted here that CITIC Group also has a CITIC Mining International company, which is a sister company with CITIC Metals. Jointly support the resource and energy business segment of CITIC Group.
CITIC Mining International has the right to mine 2 billion tons of magnetite resources in the Pilbara area of Western Australia, and has subscribed to the mining rights of another 1 billion tons of magnetite. CITIC Australia's mining period is more than 30 years and is Australia's largest magnetite mining project. The
project has exported a total of more than 50 million tons of concentrate powder. CITIC Australia Mine has become the main supplier of China's imported marine magnet concentrate powder, accounting for about 22% of the total trade in magnetite products. In 2018, CITIC Australia Mine's output hit a new high, exporting more than 19 million wet tonnes of concentrate powder to CITIC's special steel mills and other steel companies in China and Asia this year.
According to the information provided by Shipin.com for Xinde Maritime Network, the number of ships currently owned by CITIC Group CITI FROUP is as many as 14, as follows:
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