Jianglong Shipbuilding (300589.SZ) announcement, the company signed an agreement with Moen Mar...
According to the announcement by Jianglong Shipbuilding (300589.SZ) on the Zhitong Finance and Economics APP, on October 29, 2024, the company signed a "SHIP BUILDING CONTRACT" (referred to as 'shipbuilding contract' or 'total contract') with Moen Marin AS (referred to as 'buyer'), with a total contract amount of 0.629 billion RMB, accounting for 53.04% of the company's audited revenue in 2023. The contract involves 12 steel aluminum working ships, including 6 units of (Nab Cat21x12m), 3 units of (Nab Cat24x13m), and 3 units of (Nab Work26x12m). This contract is a total contract, for each steel aluminum working ship, both parties need to sign a ship order based on the total contract.
Based on the total contract, on October 29, 2024, the company signed 2 (Nab Cat21x12m) meters steel aluminum working ship "VESSEL ORDER FORM" (ship order), 1 (Nab Cat24x13m) steel aluminum working ship "VESSEL ORDER FORM" (ship order), and 1 (NabWork26x12m) steel aluminum working ship "VESSEL ORDER FORM" (ship order) with Moen Marin AS. The total amount of ship orders is 0.21 billion RMB, accounting for 17.68% of the company's audited revenue in 2023.
The successful implementation of this ship order is expected to have a positive impact on the company's future operating performance in the next 1-2 years. This signing with Moen Marin again indicates that the company's construction capability has been fully recognized by the shipowners. If the project is successfully implemented, it will enhance the company's competitiveness and brand influence in the overseas market, helping the company further expand its overseas market.