Green Holdings and Sinoocean Offshore have Completed the Signing of 5 Bareboat Charter Projects for Offshore Engineering Assets
2021-02-05


On February 5th, Tianjin Green Ocean Engineering Co., Ltd. (hereinafter referred to as "Tianjin Green"), a wholly-owned subsidiary of Green Holdings, and Sinoocean Offshore Assets Management Co., Ltd. (hereinafter referred to as "Sinoocean") held a meeting in Beijing for the signing ceremony of two jack-up drilling platforms and three offshore wind power installation bareboat charter projects. Guo Wei, Chairman of PowerChina Guizhou Engineering Co., Ltd. (hereinafter referred to as "PCG"), Zhang Chuanyun, Director of Strategic Development Center of Chengtong China Asset Management Ltd., Deng Mingchuan, General Manager of Sinoocean, Ke Xing, Chairman of Green Holdings, Zong Chunlei, General Manager of Tianjin Green, attended the signing ceremony.


Sinoocean is a professional asset management company led by the State-owned Assets Supervision and Administration Commission and jointly funded by seven central enterprises. It aims to implement the important deployment of the Party Central Committee and the State Council on supply-side reform, optimizes resource allocation, integrates and processes the offshore engineering products of central offshore engineering equipment manufacturing enterprises.


At the signing ceremony, Chengtong Assets, as the project initiator, introduced the project background of this cooperation. PCG, Tianjin Green and Sinoocean respectively introduced the development of their companies, and conducted in-depth exchanges and discussions on the follow-up cooperation. The representatives at the meeting agreed that Sinoocean is a "natural partner" relying on the advantages of equipment and offshore operation experience, as well as complementary advantages with PCG and Tianjin Green in terms of resources, market and operation advantages. This signing project is an opportunity to strengthen mutual trust and cooperation. In addition to equipment leasing, we will study and explore more cooperation opportunities.




After the delivery of the five offshore equipments signed this time, they will go to Yangjiang, Guangdong to participate in the completion of the China Huadian wind power installation project contracted by PCG. This project is the first domestic drilling platform renovation to wind power installation platform, creating a "long-term bareboat charter" model for delivering ships, and it is the innovation and exploration of Sinoocean's efforts to promote the disposal of offshore engineering equipment assets of central enterprises. This project is also the largest single bareboat charter disposal project since the establishment of Sinoocean. The signing of the above contract is also the implementation of General Secretary Xi Jinping's green development concept by Sinoocean to help "2030 carbon peak, 2060 carbon neutral". This batch of ships and installation platforms is the second batch of offshore wind power installation equipment introduced by Tianjin Green as a lessee. Previously, DLB1600 crane pipe-laying vessels, three-purpose tugboats and transport barges have been leased or purchased from the Middle East, Southeast Asia and other places. The successful signing of the contract has laid a solid foundation for the development of Tianjin Green in the field of offshore wind power.

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