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New Year’s Greetings for Year 2019

Dear friends, all employees of HRDD and subcontractor companies, Happy New Year!

It is at this moment that we are ready for the first day of Year 2019. On behalf of the company‘s management level, I would like to express my heartfelt gratitude and deep respect to all the friends, HRDD staff and subcontract company staffs who have contributed to the transformation and development of HRDD in the past year. I would also want to thank all the ship-owners, ship surveyors and friends in various fields for your always concerns and supports to HRDD with my best new year’s greetings.

In 2018, under the guidance of CPC General Secretary Mr. Xi Jinping‘s socialist ideology with Chinese characteristics in new era and the correct leadership of our board of directors, the company has not only strengthened the building up of the Party and improved its political positioning but also optimized the allocation of resources and deepened the Efficient Profit and Budget Controls. Centering on the working guideline of “Competitive in Market, Rising in Efficiency, Controlling on Risks and Promoting for Transformation”, the whole business and production situation of the company is stable and moving in a positive direction.

In 2018, the company has succeeded positively in marketing expansion and in challenge from sharp market competition, taking 268 ship repair orders. The proportion of containers, oil tankers and chemical tankers repairs has increased significantly and the hi-tech ship repairs have progressed steadily. Closely relied on the shareholders of HUDONG New Building Shipyard (Groups), the company has explored the market of LNG repairs and conversions. Moreover, the company has continued to maintain its position in cruise ship repairs and established a strong cooperative relationship with COSTA. Additionally, the mature one-stop installation and packaging service for BWMS has been highly praised by ship-owners. The debut of the installing the EGCS (Scrubbers) projects have performed with a good start. The first ship conversion for Scrubber has succeeded to be delivered on August 8, 2018. At present, we have already completed such project on 5 vessels. The project quality has won high appraisals from ship-owners. Furthermore, the conversion of“FPSO HELANG” has been completed and was delivered on December 13, 2018. The project schedule and quality are much more perfect than the previous one.

In 2018, the hard work of everyone has underlined the company’s strong ability to repair and convert ships. The high evaluation from ship-owners has improved the company‘s influences in the offshore market and laid a solid foundation for undertaking various similar projects.

In 2018, the floating docks and floating cranes have become the main products in the company’s new-building section. The Cuba floating dock was successfully undocked on December 3,2018. The No.4 and No.5 75-meter floating cranes of Winning Logistic Co., Ltd. have been successfully delivered, by which our company has been given new orders for building another two 75-meter floating cranes and the MCG Calais Linkspan project.

The global shipping market of 2019 will still face the structural imbalances of double surpluses between shipping and ship products. Although the competition of the ship repair and new-building market is still very fierce, we will create opportunities and expand them in a time of challenge as long as we work hard together.

We must try our best to firmly grasp the market for installing BWMS and EGCS Scrubbers, LNG repair and conversion etc. and turn good expectations into tangible results through hard works.

[2019-2-5 0:00:00 by HRDD]
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