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CSSC inks $1.9bn in newbuilding ordersCSSC inks $1.9bn in newbuilding orders

China State Shipbuilding Corporation (CSSC) has unveiled a major series of vessel newbuilding and equipment orders worth a total of RMB12bn ($1.9bn).

Katherine Si, China Correspondent

December 22, 2021

1 Min Read
CSSC China Merchant LNG carrier contract
Photo: CSSC

The orders consist of eight vessel construction contracts and eight marine equipment project contracts.

Newbuild orders comprise one firm plus one option 175,000 cu m LNG carriers inked between China Merchants Group and CSSC Dalian Shipbuilding Industry (DSIC).

Two 210,000 dwt ammonia-fuel ready bulk carriers signed between Belgian CMB and CSSC Qingdao Beihai Shipbuilding.

Eight 63,500 dwt bulk carriers signed between Huaxia Financial Leasing and CSSC Chengxi Shipbuilding.

Two 7,000 teu containerships inked between Taiwanese TS Lines and CSSC Waigaoqiao Shipbuilding.

Four firm plus two options for 32,000 dwt heavy lift vessels signed between Schoeller and CSSC Huangpu Wenchong Shipbuilding.

Two 7,000 car unit equivalent PCTCs singed between H-Line and CSSC Guangzhou Shipbuilding International.

Two ro-pax vessels signed between GNV and CSSC Guangzhou Shipbuilding International; and a intent of letter for one plus one LNG carriers signed between CSSC Jiangnan Shipyard and CSSC Shipping.

Currently, CSSC holds 41.78m dwt orders on hand, the newly received order volume, shipbuilding output and the orders on hand all account for over 20% of global shipbuilding market share, placed first among international shipbuilding market. 

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About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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