China’s shipbuilding companies see increase in global orders

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ANN/CHINA DAILY – China’s shipbuilding firms are securing a growing number of global orders, extending delivery times to 2028, propelled by the advantage of green development, according to last Friday report by CCTV. The adoption of the ‘intelligent and green’ shipbuilding model is propelling China’s shipbuilding sector toward high-quality development.

The world’s number one container liner company is one of the company’s clients and about 80 per cent of the company’s orders are from overseas, said director Li Hao of international operation department of Guangzhou Shipyard International Co Ltd, a subsidiary of China State Shipbuilding Co Ltd.

More than 60 per cent of the company’s existing orders are high-tech, high value-added methanol dual fuel or LNG dual fuel new green ship types, which can reduce emissions of carbon, nitrogen oxides and sulfur thus greatly reducing environmental pollution, the report said.

Three major indicators of China’s shipbuilding industry achieved comprehensive growth in 2023. These indicators include shipbuilding completion, new orders and existing orders, according to data from the Ministry of Industry and Information Technology.

Statistics indicate that from January to November 2023, China’s shipbuilding industry completed 38.09 million deadweight tonnes (DWT), up 12.3 per cent year-on-year and received new orders of 68.45 million DWT, up 63.8 per cent year-on-year.

As of the end of November, China had existing orders of 134.09 million deadweight tonnage, an increase of 29.4 per cent on a yearly basis.

Dalian Shipbuilding Industry Co Ltd in Liaoning province, China. PHOTO: CHINA DAILY