Wuhu Shipyard Forms $4.1 Billion Partnership for New Projects

China’s Wuhu Shipyard has joined forces with two domestic financial leasing companies to collaborate on upcoming ventures potentially exceeding RMB30 billion ($4.1 billion) in value.

As the largest shipbuilding enterprise in Anhui province, Wuhu Shipyard—formerly known as Fujiheng Machinery Plant—has signed a strategic cooperation agreement with Wanjiang Financial Leasing and Yingxing Financial Leasing.

The partnership aims to establish “a long-term cooperation mechanism, and comprehensively deepen strategic cooperation” in various areas, including ship financial leasing, the development of energy-efficient vessels, ship asset transfers, and technical consulting services.

Both leasing firms have previously worked on newbuilding projects at Wuhu Shipyard. Most recently, Yingxing Financial Leasing supported RFOcean with its chemical tanker order, marking the eighth vessel in the series.