On December 28, 2018, China Resources Power held the review meeting and expectant liner contract signing with the sales company of China Coal Group.
At the review meeting, they reviewed the cooperation performance during 2018 and communicated on the long-term coal agreement for 2019. Wang Lin, Vice President of China Resources Power, made presentation on the operations in 2018, recognized the strategic cooperation relationship between China Resources Power and China Coal Group, extended gratitude to China Coal Group for support and pointed out that the cooperation had withstood the market test and achieved significant fruits.
During this expectant liner signing activity, two ship routes were signed: routes from SDIC Jingtang Port to the self-owned wharf of China Resources Power in Jiangsu region, and the route from SDIC Jingtang Port to the self-owned wharf of China Resources Power in southeaster China region. The cooperative parties reached consensus on cooperation mode for the expectant liner: From December 1, 2018, SDIC Jingtang provides China Resources Power with prioritized berthing services by means of expectant liner operation, and China Coal Group provides 2.4 million tons of quality steam coal for guarantee.
The expectant liner closely links the coal, electricity, port and shipping, ensuring the steady fuel supply of China Coal Group for China Resources Power, lifting the shipping efficiency, lowering the ship delaying costs, laying the path for China Resources Power to lower the fuel purchase cost.
The vice general managers of the sales company of China Coal Group Hu Zhihao and Kang Jing, General Manager of SDIC Jingtang Port Ji Xuebin, Chen Junmian, General Manager of Tianjin Zhonghai China Resources Shipping Co., Ltd., and other people attended the activity.