Four years ago, Rongsheng Heavy Industry received news of 12 400,000-ton VLOC orders in Vale, which shocked the industry. Four years later, with the new regulations of the Ministry of Transport, the destination of these ships became confusing.
The current progress of Rongsheng Heavy Industry is to deliver one ship and complete three projects, which is less than 50% of the previous plan. Therefore, there are rumors in the industry that due to the great uncertainty of the 400,000-ton VLOC entering the Chinese port, Vale is trying its best to delay the delivery of the VLOC currently under construction to wait and see.
In addition, in spite of the 2011 interim report of Rongsheng Heavy Industry, due to the continuous expansion of Rongsheng Heavy Industry's shipbuilding business, although its revenue has achieved substantial growth, the situation of funds is gradually deteriorating. In addition to the gradual deterioration of funds, there is also a problem with the order structure of Rongsheng Heavy Industry. As of the middle of last year, in the hand-held orders of Rongsheng Heavy Industry, bulk cargo tonnage accounted for 77% of the total tonnage (of which 16 VLOCs accounted for 48% of the total bulk of all bulk carriers); in new orders, bulk carriers The proportion of total tonnage is as high as 91%. According to the Clarkson data, the bulk carrier is the most serious ship in the current shipping crisis, facing a large risk of withdrawal and delay.
Once Vale's VLOC orders change, it will undoubtedly increase the operating pressure of Rongsheng Heavy Industry. Therefore, as soon as the news that the VLCC was banned from entering the port in the Vale was first appeared, the relevant syndicate people were greatly nervous.
In this regard, Rongsheng Heavy Industry President Chen Qiang has repeatedly stated in public that the company's Valamax construction plan is still under construction as planned, and has not heard that Vale will abandon or change these orders. The current delay is only to ensure better quality and has reached a consensus with Vale.
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