[CMT] Subsidiary China Swift Shipping Pte. Ltd. Announces Order for One New 210,000 DWT Bulk Carrier
China Maritime Transport (CMT) subsidiary has signed an agreement with Chinese shipbuilders for a new 210,000 DWT bulk carrier, valued at up to $80.5 million.
📋 Article Processing Timeline
- 📰 Published: April 27, 2026 at 09:00
- 🔍 Collected: April 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 28, 2026 at 12:51 (4h 51m after Collected)
1. Name and nature of the subject matter: One 210,000 DWT bulk carrier.
2. Date of occurrence: April 27, 2026.
3. Date of Board approval: April 27, 2026.
4. Other approval dates: Not applicable.
5. Transaction unit quantity, unit price, and total amount:
- Quantity: One vessel
- Unit price: USD 77,500,000 to 80,500,000
- Total amount: USD 77,500,000 to 80,500,000
6. Counterparty and relationship with the company:
- Counterparty: CSSC Qingdao Beihai Shipbuilding Co., Ltd. and China Shipbuilding Trading Co., Ltd.
- Relationship: None.
7. Reasons for selecting related party: Not applicable.
8. Related party transactions in the last 5 years: Not applicable.
9. Estimated gain or loss: Not applicable.
10. Payment terms and restrictions: Payments according to contract terms.
11. Determination of transaction price: Through negotiation, based on recent market trends; approved by the Board.
12. Professional valuer: Not applicable.
13. Valuer name: Not applicable.
14. Valuer license number: Not applicable.
15. Special valuation: No or Not applicable.
16. Valuation report not yet obtained: No or Not applicable.
17. Reason for no report: Not applicable.
18. Significant discrepancy in valuation: Not applicable.
19. Accounting firm: Not applicable.
20. Accountant name: Not applicable.
21. Accountant license number: Not applicable.
22. Broker and fees: Not applicable.
23. Concrete purpose of acquisition: Fleet renewal and long-term development considerations for overall operation and configuration.
24. Dissenting opinions from directors: None.
25. Related party transaction: No.
26. Approval date from Audit Committee: Not applicable.
27. Acquisition of real estate from related parties: No.
28. Price evaluation according to regulations: Not applicable.
29. Lower evaluated price: Not applicable.
30. Previous announcements on the same event: Not applicable.
31. Other notes: Exchange rate USD $1 = NTD $31.55
2. Date of occurrence: April 27, 2026.
3. Date of Board approval: April 27, 2026.
4. Other approval dates: Not applicable.
5. Transaction unit quantity, unit price, and total amount:
- Quantity: One vessel
- Unit price: USD 77,500,000 to 80,500,000
- Total amount: USD 77,500,000 to 80,500,000
6. Counterparty and relationship with the company:
- Counterparty: CSSC Qingdao Beihai Shipbuilding Co., Ltd. and China Shipbuilding Trading Co., Ltd.
- Relationship: None.
7. Reasons for selecting related party: Not applicable.
8. Related party transactions in the last 5 years: Not applicable.
9. Estimated gain or loss: Not applicable.
10. Payment terms and restrictions: Payments according to contract terms.
11. Determination of transaction price: Through negotiation, based on recent market trends; approved by the Board.
12. Professional valuer: Not applicable.
13. Valuer name: Not applicable.
14. Valuer license number: Not applicable.
15. Special valuation: No or Not applicable.
16. Valuation report not yet obtained: No or Not applicable.
17. Reason for no report: Not applicable.
18. Significant discrepancy in valuation: Not applicable.
19. Accounting firm: Not applicable.
20. Accountant name: Not applicable.
21. Accountant license number: Not applicable.
22. Broker and fees: Not applicable.
23. Concrete purpose of acquisition: Fleet renewal and long-term development considerations for overall operation and configuration.
24. Dissenting opinions from directors: None.
25. Related party transaction: No.
26. Approval date from Audit Committee: Not applicable.
27. Acquisition of real estate from related parties: No.
28. Price evaluation according to regulations: Not applicable.
29. Lower evaluated price: Not applicable.
30. Previous announcements on the same event: Not applicable.
31. Other notes: Exchange rate USD $1 = NTD $31.55