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CSSC bags over $10bn in LNG carriers orders in 2022

Photo: CSSC LNG carrier under construction at CSSC Jiangnan Changxing
China State Shipbuilding Corporation (CSSC) has made breakthrough in large-size LNG carrier construction market and securing 49 large-size LNG carrier orders in 2022.

In the past year, CSSC has inked 49 large-size LNG carrier orders and it’s market share has been increased from less than 7% to almost 30%. The total contract value of the orders exceeded $10 billion. 

Starting from the beginning of 2020, CSSC initiated large-size LNG carrier construction capacity enhancement project, and brought in Jiangnan Shipyard and Dalian Shipbuilding Industry join with Hudong-Zhonghua Shipbuilding to become the three major yards capable of building large-size LNG carriers. 

In 2022, Hudong-Zhonghua Shipbuilding set the record of the largest LNG carrier order in China’s shipbuilding history by receiving 12 vessels for CNOOC’s LNG project, along with the first massive LNG carrier order from international clients for Qatar LNG projects.

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"CSSC is forming a new pattern in LNG carrier construction market alongside with three South Korean shipbuilders," said the group, the order structure has been diversified and we have established cooperation with several key global clients for the first time, demonstrating the solid technology strength and strong market influence of CSSC.