From April 4th to 5th, SWS, SCH and SWS Offshore held regional operation strategy meetings. Two days previous, SWS held Q2 operation strategy meeting. Chairman Wang Qi, President Sheng Jigang,executives Xu Ping, Tao Ying, Chen Gang, Chen Fuming and managers from SWS, SCH SWS Offshore and CSSC Shenghui attended meeting.
During the meeting, the management reviewed achievements in production and operation in Q1, then the meeting released Q2 plan that is focused on maintaining main business, breakthrough high-end, deepen internal control, prevent risk, and themes of stable and execution.
According the annual plan scheduled in Q1, SWS is promoting operation and production in all fields. In operation, SWS received 14 orders of 400,000 dwt VLOC and then became global king of VLOC holding orders; in production, SWS delivered 5 vessels in the calculation of 1.076 million dwt.
The meeting points out that although SWS is in good business with holding orders laid up to 2019, the price of vessels are slumping, which challenges SWS to profitable-balance margin. In addition, SWS must implement strictly on stable and execution, reinforce cost control and risk control, of which SWS has to re-scan all weak links to execute one of each upon being founded.
