Shanghai Jinjiang Shipping (Group) Co., Ltd. intends to invest up to RMB 19.4 billion (~$2.77 billion) to construct a total of eight 1,800 TEU container vessels, with four of those subject to the shipyard selection decision within a defined period after contract signing, according to the company’s statement.
The company’s board resolved on December 26, 2025 to approve the investment, which does not constitute a related-party transaction, a major asset restructuring, or require shareholders’ meeting approval.
The planned build is aimed at meeting incremental capacity needs and aligning fleet structure with strategic service objectives, with final investment amounts and payment terms to be determined by subsequent tender contracts.
The board meeting was conducted by communication, with nine votes in favor, none against or abstaining, and complied with legal and corporate governance requirements.
The transaction will be funded through a combination of self-owned and raised capital, and the company stated it does not expect significant adverse effects on its short-term financial position or on shareholder interests.
The new vessels are expected to support capacity expansion on routes in Northeast and Southeast Asia and enhance service options under the company’s “Silk Road Express” line offerings.
Shanghai Jinjiang Shipping (Group) Co., Ltd. is a Chinese shipping company engaged in international and domestic maritime container transport. Its operations focus on scheduled services across Northeast Asia, Southeast Asia, and domestic coastal routes. The company’s business encompasses vessel operation, cargo logistics services, and related maritime support functions. It is incorporated in the People’s Republic of China and governed by Chinese corporate law and maritime transport regulations.
