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Guangzhou Shipyard International Co Ltd News

25 Oct 2023

Proman Stena Bulk Names Methanol-fueled Tanker

Stena Pro Marine (Photo: Proman Stena Bulk)

Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, formally christened its methanol-fueled tanker Stena Pro Marine during a ceremony at the Port of New Orleans.Delivered in mid-2022, the newbuild is a 49,990 DWT dual-fuel mid-range (MR) tanker constructed at Guangzhou Shipyard International Co Ltd (GSI) in China. The ship has been in full-time operation since its delivery and consumes 12,500 tonnes of methanol annually.Burning methanol onboard eliminates local pollutants like SOx and particulate matter (PM)…

15 Dec 2022

Proman Stena Bulk Takes Delivery of Another Methanol-fuelled Tanker

Stena Prosperous - ©Proman Stena Bulk

Proman Stena Bulk, a JV between shipowner Stena Bulk and methanol producer Proman, has taken delivery of a methanol-fuelled tanker, Stena ProsperousDelivered by Guangzhou Shipyard International Co Ltd (GSI) the 49,990 DWT vessel will now enter commercial operation, running fully on methanol. "The delivery caps a marquee year for the joint venture, which now has four vessels actively trading and bunkering fully on the low-emission future fuel," the companies said.The fourth ship joins the Proman Stena Bulk-owned Stena Pro Patria and Stena Pro Marine…

11 Aug 2022

MacGregor to Supply All-electric RoRo Equipment to Four PCTC Vessels

(Photo: MacGregor)

MacGregor reports it has been selected to supply equipment for four new roll-on, roll-off (RoRo) pure car and truck carrier (PCTC) vessels to be built by the Guangzhou Shipyard International Co., Ltd for H-Line Shipping, Korea.The vessels are scheduled to be delivered to the owner starting in the second quarter of 2024 and are expected to be completed in the second quarter of 2025.MacGregor, part of Cargotec, said it will supply all-electrically operated RoRo equipment, including quarter ramps, side ramps, internal movable ramps and rampway doors to each of the four vessels.

20 Jun 2022

Shipbuilding: Methanol-powered Bulk Carrier for Proman Stena Bulk

Stena Pro Patria undergoing sea trials. Image courtesy Stena Bulk

Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk, confirmed that the first methanol-powered newbuild vessel under its partnership has been delivered and is preparing for commercial operation.Stena Pro Patria is named in honor of Dennis Patrick, an integral member of the Proman family and the former CEO of Proman’s subsidiary Methanol Holdings (Trinidad) Limited (MHTL), who passed away in 2019.The 49,990 DWT Stena Pro Patria is the first of six state-of-the-art, IMOIIMeMAX dual-fuel mid-range (MR) tankers being built at Guangzhou Shipyard International Co.

21 Aug 2019

Vista Shipping to Finance Product Tankers

Hafnia Tankers, a member of BW Group, and shipyard-affiliated leasing company CSSC (Hong Kong) Shipping have formed a joint venture named Vista Shipping to finance and operate product tankers.A term loan facility of USD 111 million is intended to be used to finance four LR1 newbuildings. A banking consortium consisting of KfW IPEX-Bank, Societe Generale Hong Kong Branch and OCBC Singapore participate with 33% each as lenders at the term loan facility and have reached financial close.KfW IPEX-Bank acts as Facility Agent, Sinosure Agent and Security Agent. The 12-year post-delivery financing profits from Sinosure cover and is secured by…

02 Mar 2018

Deltamarin Bags Ro-pax Design Contract

Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ship concept for GSI in cooperation with the owner. Deltamarin will provide the yard with basic (approval) and detail design together with Safe Return to Port (SRtP) documentation. The contract covers all disciplines and all areas. The value of Deltamarin’s contract with GSI is about €5 million ($6.2 million). The work will be carried out at Deltamarin’s offices in Finland and China with the assistance of network companies from Europe over an estimated period of 13 months.

07 Jun 2016

China to Build its First Luxury Cruise Ship

Waigaoqiao Shipbuilding, subsidiary China CSSC Holdings Ltd is about to establish a cruise liner development company in Shanghai along with Guangzhou Shipyard International Co Ltd and two ship design institutes, says a report in China Post. The new firm will undertake research, design and development of cruise liners and related facilities. The joint venture will be registered in China (Shanghai) Pilot Free Trade Zone in Pudong New Area, the 21st Century Business Herald reported. Construction of the first cruise ship will kick off in 2017, and will be delivered by 2021, according to Chen Gang, vice-president of Waigaoqiao Shipbuilding. Waigaoqiao indicated last year that the ship would be the first in a $4 billion joint venture between Carnival, China Investment Corporation and CSSC.

19 Nov 2014

Deltamarin Contributes to Arctic Carrier Design

Image: Aker Arctic

Deltamarin Ltd. has provided Aker Arctic Technology Inc. with design services for two polar class heavy deck carrier ships intended for carrying heavy project cargos in large modules to Yamal LNG plant construction site on the Russian Yamal peninsula. Aker Arctic, the main contractor for the design of the vessels, has developed the ship concept with its client ZPCM-Red Box Energy Services and provides the basic design for Guangzhou Shipyard International Co. Ltd. Deltamarin will assist Aker Arctic by carrying out the major part of the basic design…

27 Feb 2001

Guangzhou Shipyard To Post Losses

China's Guangzhou Shipyard International Co. Ltd. expects to post significant losses for last year due to a provision for asset depreciation. The firm "wishes to inform the shareholders of the company and investors that the company is going to make a suitable provision for assets devaluation, it said in a statement. "The company is expected to record a significant loss in its consolidated financial accounts for the year ended December 31, 2000," the statement said. The company said it would release detailed 2000 results in April.

19 Oct 2006

Guangzhou Shipyard Sees Profit Increase

According to reports, Guangzhou Shipyard International Co. Ltd., who has already seen its Hong Kong-listed shares surge almost six-fold this year, said it will report a 500% third-quarter profit increase from last year, thanks to higher efficiency and improved margins. A shorter shipbuilding cycle has also helped Guangzhou Shipyard, the only listed shipbuilding unit of China's largest ship builder, China State Shipbuilding Corp. (CSSC), to sell more ships at higher margins during the quarter ended September 30. The company posted a $1m profit for the third quarter of 2005. In an announcement on Tuesday, it forecasted a five-fold increase in the same period. The company is benefiting from high demand for new tankers and low labour costs that help it win orders from overseas.