Xiamen ITG Marine, a subsidiary of Xiamen ITG Group, has officially confirmed that a shipbuilding contract for 15,200 DWT multi-purpose vessels has entered into force with German shipowner Von Nordic Marine. The agreement is structured as a “2+2+2” framework, providing for firm orders and optional additional units.
The project follows a “2+2+2” structure, comprising an initial firm order for four vessels and options for two additional ones. Construction of the lead vessel is scheduled to commence at the Qinshi Jiamei Shipyard (Nantong) in March 2027.
The contract for the 15,200 DWT multi-purpose vessel project was signed in May of this year, and the contract officially came into effect at the end of June after fully meeting all conditions. The vessel is an energy-efficient and eco-friendly ship type meticulously selected for the current market segment; it features versatility in handling various types of cargo, high hold volume utilization, and compliance with the latest emission regulations.
The contract for the 15,200 DWT multiple-purpose vessel project was signed in May of this year, and by the end of June, all conditions for the contract to take effect had been fully met, marking its official implementation. The 15,200 DWT multiple-purpose vessel being built under this project is an energy-efficient and environmentally friendly design carefully selected to meet the needs of the current market segment. It features adaptability to multiple cargo types, high cargo hold utilization, and compliance with the latest emissions regulations.
Xiamen ITG Marine stated that this project is a milestone for its new shipbuilding business, representing a breakthrough in its self-operated order-taking model and marking the company’s transition to full-chain operational control, from client engagement to production.
On the client side, Xiamen ITG Marine independently handles the entire order acquisition process—from identifying shipowners and conducting commercial negotiations to signing contracts, issuing foreign exchange guarantees, and collecting progress payments. On the production side, the company independently issues construction orders to domestic shipyards and coordinates technical integration as well as full-lifecycle project management. This practice has established replicable core capabilities for the subsequent batch acquisition of orders and standardized operations in the new shipbuilding business.
Qinshi Jiamei Shipyard (Nantong) Co., Ltd. was established on November 15, 2022, and is located in the Tongzhou Bay River-Sea Integrated Development Demonstration Zone. It is a specialized manufacturing company—jointly invested by Xiamen Qinshi Group and Jiangsu Jiamei Marine Engineering Co., Ltd. (a wholly-owned subsidiary of Bestway Marine & Energy Technology)—that focuses on offshore engineering platforms, intelligent wind power equipment, and high-end marine equipment.