China's shipbuilding sector continues to lead in world market，taking up nearly half of the international market share

[beijingwalker]

China's shipbuilding sector continues to lead in world market，taking up nearly half of the international market share​

Xinhua, April 23, 2022

BEIJING, April 23 (Xinhua) -- China remained the world's leading shipbuilder in the first quarter of the year, taking up nearly half of the international market share in terms of output and new and holding orders, data from the Ministry of Industry and Information Technology showed.

The country's shipbuilding output hit 9.61 million deadweight tonnes (dwt) in the period, accounting for 46.2 percent of the world's total, up 2.8 percentage points year on year, according to the ministry.

New orders, another major indicator of the shipbuilding industry, stood at 9.93 million dwt, with a global market share up 1.2 percentage points year on year to 48.6 percent.

China's shipbuilding holding orders totaled 99.1 million dwt at the end of March. The volume took up 47.3 percent of the market share globally, up 2.7 percentage points from the same period last year.

http://www.china.org.cn/china/Off_the_Wire/2022-04/23/content_78182801.htm

 

[beijingwalker]

Adnoc L&S orders more LNG carrier newbuildings in China​

Middle Eastern shipowner is scheduled to take delivery of six newbuildings between 2025 and 2026

23 May 2022 9:16 GMT UPDATED 23 May 2022 10:10 GMT
By Irene Ang

Adnoc L&S has lifted its total spending on LNG carrier newbuildings to more than $1.2bn, with an order for four more vessels in China.

Shipbuilding sources said the Middle Eastern shipowner has returned to Jiangnan Shipyard and signed for four 175,000-cbm vessels, bringing the tally to six. Its earlier two ships were sealed in March.

Officials at Jiangnan declined to comment, citing contract confidentiality, while Adnoc L&S did not reply to a request for confirmation.

The newbuilding price for Adnoc’s four latest LNG carriers was not disclosed, but shipbuilding sources believe it would be paying slightly more than for its first two, which were reported to have cost around $200m each.

TradeWinds understands shipyards are quoting at least $230m for an LNG carrier newbuilding.

Adnoc L&S — the shipping arm of state firm Abu Dhabi National Oil Co (Adnoc), has ordered the LNG gas carriers to help replace its ageing fleet of eight Moss-type, steam turbine vessels.

Capt Abdulkareem Al Masabi, chief executive of Adnoc L&S, announced the first two newbuildings in April, saying they will be crucial enablers for the company’s growth strategy, supporting its existing LNG business as well as its ambitions to grow its production capacity.

He said: “This acquisition helps future-proof our fleet with more sustainable, modern vessels capable of serving our customers for the next 25 years and deepens our partnership with Jiangnan Shipyard.”

Jiangnan is the oldest shipyard in China. The state-owned Shanghai shipbuilder was the country’s first shipyard to break into the gas carrier sector, winning a domestic order to build a 3,000-cbm pressurised LPG carrier in the late 1980s.

Although gas carriers are Jiangnan’s forte, it is a newcomer to the LNG carrier sector. Adnoc L&S’ contract was the yard’s first foreign export order.

CSSC’s Hudong-Zhonghua Shipbuilding and Dalian Shipbuilding Industry Co (DSIC) are the other two shipyards in China that are building LNG carriers. But DSIC only joined the segment last month with an order for up to four newbuildings from China Merchants Energy Shipping.

The design of Adnoc’s 175,000-cbm LNG vessel was developed by Jiangnan, and the newbuildings will be built with GTT’s Mark III Flex membrane-type containment system.

Adnoc L&S is scheduled to take delivery in 2025 and 2026.

Jiangnan made its debut in the LNG carrier segment last year with an order from Chinese clean energy supplier Jovo Group to build one 79,800-cbm vessel for delivery at the end of 2023. The midsize gas ship was reported to have cost more than $120m.

Jiangnan is also building five LPG-fuelled, 86,000-cbm VLGC newbuildings for Adnoc. The shipowner co-ordered the quintet in 2020 together with Chinese polyurethane producer Wanhua Chemical Group for a reported price of $73m each.

Jiangnan is scheduled to deliver three vessels in July, September and November this year, and the remaining two in January and March 2023.

Adnoc L&S orders more LNG carrier newbuildings in China | TradeWinds

Middle Eastern shipowner is scheduled to take delivery of six newbuildings between 2025 and 2026

www.tradewindsnews.com

 

[beijingwalker]

China shipbuilders see piling-up orders, to go full throttle amid easing COVID rules​

 

[beijingwalker]

With this unrivaled shipbuilding capability, when Chinese Navy can become No.1

 

[Chen Jie]

With this unrivaled shipbuilding capability, when Chinese Navy can become No.1

My yard makes ships like cakes.

 

[beijingwalker]

World’s largest container ship leaves dry dock in Shanghai​

Aug 5, 2022 The world's largest container ship, with a capacity of 24,116 TEU (Twenty-foot Equivalent Unit), was taken out of dry dock at the shipyard of its builder, Hudong-Zhonghua Shipbuilding Group in Shanghai, on August 1, 2022. The ship, which is expected to be delivered this year, is the first of four 24,116-TEU vessels ordered by Swiss-based Mediterranean Shipping Company.

 

[Daniel808]

More orders keeping the books full for the next few years