China Rongsheng Heavy Industries delivers ninth and tenth VLOCs
China Rongsheng Heavy I ndustries Group Holdings Limited announces the deliveries of their ninth and tenth 38 0,000 DWT class Very Large Ore Carriers (“VLOCs”) at the end of March, said in the company's press release. With further enhance ments in their overall shipbuilding process, the Group continues to deliver more shipbu ilding products in line with low-carbon and green concepts. Christened “VALE JIANGSU” and “VALE SHINAS”, the tw o new Rongsheng-built 380,000 DWT class VLOCs have been delivered to Vale S.A. and Oman Shipping Company S.A.O.C. respectively. The vessels adopts an environmentally friendly design to lower oil consumption and reduce the emission of CO 2 , while its operating efficiency exceeds that of most existing ore carriers. With Energy Efficiency Design Index ( “EEDI”) recorded at approximately 1.99 during sea trials, Rongsheng-built VLOCs are in lin e with low-carbon green product initiative and meets the benchmark requirements on emission re duction set by International Maritime Organization (“IMO”), which came into effect as of 1 January 2013.
As of today, China Rongsheng Heavy Industries has d elivered ten VLOCs (with one completed in 2011, six in 2012 and three in 2013) o ut of the 16 380,000 DWT class VLOCs ordered. The four VLOCs ordered by Oman Shipping Co mpany S.A.O.C. have all been delivered. Despite ongoing challenges in the shipbu ilding industry brought about by the global financial crisis and the European debt crisis, the delivery schedule of China Rongsheng Heavy Industries has not been readily imp acted. We are very pleased with the improvement in production efficiency our team has a chieved so far. The Group expects 2013 to be still the peak delivery period for Rongsheng- built VLOCs.
