According to Smart Finance APP, Ningbo Marine (600798.SH) announced that its wholly-owned subsidiary Ningbo Marine (Singapore) Co., Ltd. (referred to as the "Singapore Company") has signed a bareboat charter agreement with Zhejiang Energy International Singapore First Shipping Co., Ltd. (referred to as "Zhejiang Energy International Shipping Co.") to rent one 0.18 million ton class (Capesize) ship - the "Zhejiang Energy Hai 1" for international ocean dry bulk transportation. The charter period is 60 months, with expected rent payments not exceeding 20 million USD during the lease term.

It is reported that the Singapore Company utilizes the advantages of overseas platforms, leveraging its own ship’s international dry bulk operation advantages, and has been engaged in the Capesize ship chartering and transportation for imported coal business for many years, achieving good economic benefits. This time, the Singapore Company continues to carry out bareboat leasing operations, which is beneficial for the company to flexibly utilize a light asset model to quickly control overseas capacity, accumulate operational and management experience for building a large fleet, and enhance comprehensive competitive strength.