Rongfeng United Holdings Limited (the "Group") is primarily engaged in the leasing of its own vessels. Among the four vessels registered under the Group's name, two Panamax dry bulk carriers and one Cape-size dry bulk carrier—named GH FORTUNE, GH POWER, and GH RESOURCES, respectively—have a combined carrying capacity of approximately 275,138 deadweight tons and are wholly owned by the Group, free from any financial lease arrangements. The remaining Panamax dry bulk carrier, GREAT HARVEST (with a carrying capacity of about 68,192 deadweight tons), is currently leased under a financial lease agreement and is expected to be delivered to an independent third-party buyer in December 2013. By leasing its vessels for dry bulk transportation, the Group provides global maritime shipping services to its customers. Headquartered in Hong Kong, all vessels in the Group's fleet are registered under Hong Kong law and fly the Hong Kong flag. All of the Group's vessels are chartered on time‑charter agreements. Under these agreements, the Group's vessels are leased to charterers for specified contract periods, during which the Group typically bears and pays all costs associated with crew, vessel insurance, repairs, and maintenance, while the charterer assumes expenses directly related to the voyage, such as bunker fuel costs (unless otherwise agreed), port dues, pilotage fees, and other routine operating expenses. The Group's success rests on the following key competitive advantages: - A seasoned management team with an excellent track record - A relatively young fleet that meets customer needs - High maintenance standards, ensuring a safe and reliable fleet
12/F, 200 Gloucester Road, Wan Chai, Hong Kong
Rongfeng Yi Holdings Limited (formerly Rongfeng United Holdings Limited) is an investment holding company primarily engaged in the ship‑leasing business. The company operates through two segments: the Ship Leasing Segment, which leases vessels for dry bulk transportation and provides global maritime shipping services; and the Property Investment and Development Segment, which undertakes property development projects including villas, apartments, and retail spaces.