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CSSC inks $1.9bn in newbuilding orders

Photo: CSSC CSSC China Merchant LNG carrier contract.jpg
China State Shipbuilding Corporation (CSSC) has unveiled a major series of vessel newbuilding and equipment orders worth a total of RMB12bn ($1.9bn).

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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