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CSSC bags 25% of global car carrier orders

Photos: UECC UECC LNG/battery hybrid car carrier launch at Jiangnan Shipyard
China State Shipbuilding Corporation (CSSC) has made a big breakthrough in car carrier newbuilding market and secured 25% pure car/truck carrier (PCTC) construction orders globally.

The group has tapped into large size car carrier construction market in 2021, and in total received 32 vessel orders between 7,000 ceu and 9,200 ceu. 

Currently, CSSC has three major car carrier construction bases including Jiangnan Shipyard, Waigaoqiao Shipbuilding and Guangzhou Shipyard International. 

In 2022, there were 80 newly inked PCTC orders worldwide, 47 of them was designed by CSSC’s design and research unit, SDARI, accounting for 59% in global market. 

The operation team of CSSC will seize the opportunity of the booming PCTC market, continue to develop new vessel type and expand new markets to deliver more China-made and designed car carriers, said CSSC.

The car carrier market enjoyed exceptional market conditions in 2022 and the strong market is expected to continue this year. The tight market has driven demand for newbuilding orders and as of end 2022 the car carrier orderbook was at a 10-year high of around 16% market capacity according to Clarksons.