China Shipbuilding News

The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist than any other country" to obtain dominance over the global shipbuilding, maritime and logistics sector."The American commercial shipbuilding industry is a shell of its former self. . .

Greek shipowner Performance Shipping Inc. announced it has signed two shipbuilding contracts with China Shipbuilding Trading Co. Ltd. (CSTC) and Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) for the construction of two 114,000 DWT LNG-ready LR2 Aframax product/crude oil tanker vessels.The newbuilds, expected to be delivered in January and April of 2026, were ordered at a purchase price of US$64,845,000 per vessel, net of third-party commission. 15% of the purchase price is payable upon receipt of a refund guarantee…

China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a very large crude carrier (VLCC). The first such dual-fuel methanol order for the ship type, Dalian Shipbuilding Industry Co (DSIC) will construct the vessel with delivery due by April 2026.CSE (China Shipbuilding Industry Corporation Diesel Engine Co.…

ClassNK has issued an Approval in Principle (AiP) for an onboard CO2 capture and storage (OCCS) system developed by China Shipbuilding Power Engineering Institute Co., Ltd. (CSPI), a member of CSSC Power (Group) Co. Ltd. (CPGC).In addition to fuel transition, interest in capturing CO2 from ships' exhaust gas is growing as a way to reduce GHG emissions, and the development of onboard systems for capturing and storing CO2 is being undertaken. To encourage the development of the related technology…

Swiss marine power company WinGD is on track to deliver its first X-DF-A dual-fuel ammonia engines by the first quarter of 2025, with the first X-DF-A powered vessels in service from 2026.The confirmation follows combustion tests at WinGD research facilities in December 2022 and is backed by concrete orders. Last month WinGD signed an agreement with AET Tankers and sister company Akademi Laut Malaysia to develop crew training on ammonia engines. In January 2023 it announced a partnership with CMB.Tech…

Greek shipping company Performance Shipping on Wednesday announced it has signed a shipbuilding contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding Company Limited for a newbuild LR2 Aframax product/crude oil tanker.The 114,000 DWT vessel was ordered for for a contract price of $62.6 million, net of commission to third party, Performance Shipping said. The company noted that 15% of the purchase price is payable upon receipt of a refund guarantee…

The Grimaldi Group announced it has exercised its option for the construction of five additional ammonia-ready 9,000 CEU car carriers from China Merchants Heavy Industries Jiangsu, part of China Merchant Industry Holdings (CMI).Grimaldi announced its initial order for five new pure car and truck carrier (PCTC) vessels from CMI in October. The 10 vessels are scheduled to be delivered between 2025 and 2027 and will be deployed on voyages between Europe, North Africa, and the Near and Far East.Grimaldi said it developed the vessel concept in collaboration with naval architecture firm Knud E.

Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have near-zero emissions FPSO available to the market by 2025. "Our market outlook for new FPSOs remains positive as the world requires energy which is not only sustainable, but also affordable and reliable," said Bruno Chabas, CEO of SBM Offshore.

Contracts between China's top state-owned shipbuilding firm and Taiwan's leading shipping company are likely lowering the costs of upgrading China's navy, posing security concerns for the island claimed by Beijing, a U.S. think tank said on Thursday.China State Shipbuilding Corp (CSSC) is a key producer of vessels for China's rapidly expanding People's Liberation Army Navy (PLAN), and is thought to be building its third aircraft carrier.Taiwan's Evergreen Marine Corp has purchased 44 vessels from China since 2018…

CS Hunan Venture very large crude carrier, dubbed one of the most advanced and energy-efficient VLCCs ever built in China, was recently launched by Dalian Shipbuilding Industry Group (DSIC).The vessel is owned by China Shipbuilding Consulting Company and operated by Wah Kwong Ship Management Hong Kong.Fan Qiang, Vice President of China Classification Society which conducted extensive survey of the vessel, said the CS Hunan Venture’s innovative design means its Energy Efficiency Design Index (EEDI) is more than 20pc below the baseline…

The United States on Wednesday blacklisted 24 Chinese companies and targeted individuals it said were part of construction and military actions in the South China Sea, its first such sanctions move against Beijing over the disputed strategic waterway.The U.S. Commerce Department said the two dozen companies played a “role in helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea.”Separately, the State Department said it would impose visa restrictions on Chinese individuals “responsible for…

ABS has published the ABS Guide to Wind-assisted Propulsion System Installation, providing class safety standards when installing wind-assisted systems.The classification society said its new guide is applicable to both Flettner rotors and wing sails, including both rigid and soft sails. These wind-assisted propulsion technologies have been gaining attention as operators seek new ways to reduce fuel costs as well as their environmental footprint.“Wind-assisted propulsion systems…

China Merchants Energy Shipping said it has ordered a pair of 307,000 DWT very large crude carriers (VLCC) from China Shipbuilding Group's Dalian Shipbuilding Industry Company (DSIC), including one vessel that will be fitted with sail propulsion and another with air lubrication technology.The order was formalized during a virtual ceremony attended by representatives in Beijing, Hong Kong and Dalian.The two new vessels with emissions reducing technologies follow four VLCCs ordered by China Merchants at the shipyard in November 2019.In 2018…

The 308,000 DWT very large crude carrier (VLCC) CSSC Liaoning, constructed for a leasing company of China Shipbuilding Trading Company (CSTC) by Dalian Shipbuilding Industry Company (DSIC), was christened and delivered on May 8.The new generation VLCC independently developed by DSIC has a total length of 332.95 meters and a molded breadth of 60 meters. When the navigational draft is 20.5 meters, the ship can normally lade 2 million barrels of crude oil through the Straits of Malacca…

Global ship repair and maintenance services market is expected to grow from USD 18.89 Billion in 2018 to USD 39.93 Billion by 2026 at a CAGR of 7.04% during the forecast period from 2019-2026.According to report published by Fior Markets, the key contributing factors for the market growth are increase in the demand for new ships and activities, shortening of supply chains in ship repair and maintenance services, increased seaborne trade against the backdrop of recent economic boom, increase in the production of vessels.The bulk carriers section is anticipated to remain leading in the global ship repair and maintenance services market with USD 4.12 billion.

Japan's biggest shipbuilders Imabari Shipbuilding and Japan Marine United (JMU) have formalized their business alliance by agreeing to enter into a capital tie-up amid blockbuster mergers in South Korea and China.According to Jiji Press, with the alliance, the shipbuilders aim to strengthen their international competitiveness at a time when South Korean and Chinese rivals are going through major realignment to grow stronger.Under the basic deal Imabari Shipbuilding plans to buy a nearly 30 pct stake in JMU via a shares purchase. The duo plans to finalize the agreement within the 2019 fiscal year, ending in March 2020.The partners will establish a new company that will design, build and market commercial vessels, including tankers, cargo ships and vehicle carriers.

China on Tuesday formally established China Shipbuilding Group, which the country's government-run broadcaster described as the world's largest shipbuilder.The group's establishment, reported by China Central Television (CCTV), comes after Beijing last month approved the merger of the country's two largest shipbuilders, China State Shipbuilding Corp and China Shipbuilding Industry Co.The group has 147 research institutes, business units and listed firms, as well as total assets of 790 billion yuan ($112 billion) and 310,000 workers, CCTV said.

China's cabinet has approved a merger of the country's two largest shipbuilders, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC), the country's state asset regulator said on Friday.The companies' products range from aircraft carriers to commercial ships that carry oil and gas.Reporting by Beijing Monitoring Desk

Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership with Mitsui E&S Shipbuilding, targeting greater production and storage capacity.As a result of increases in required crude oil and gas production capacities, FPSO topsides have become bigger and heavier, which has led to insufficient deck space area and insufficient crude oil storage capacity on on converted very large crude carriers (VLCC), MODEC said.

China’s accomplished shipbuilding output in the first half of this year stood at 19.66 million deadweight tonnes, up 4.2 percent year on year.Xinhua news agency quoted the Ministry of Industry and Information Technology saying that China received 51.8 percent of global new orders in H1 and held 42.9 percent of the existing orders, cementing the country’s leading role in the sector.In 2018, China took 43.9 percent of global new orders and held 42.8 percent of the existing ones.Given a lackluster global economy, however, the shipbuilding industry still faces grim circumstances, Xinhua said.Intelligent ships and intelligent manufacturing are the drivers for the high-quality development of China's shipbuilding industry…

China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.The move by China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC), is subject to approvals from related authorities and there are still many details to be ironed out before the proposal can be finalized, the filings showed.A slew of units belonging to the two companies…

The marine coatings market demand by 2024 will rise exponentially driven by rapid surge in trade activities worldwide has led to increase demand from the shipbuilding sector.APAC marine coatings market valuation to hit $12Billion by 2024. According to International Marine Organization (IMO), over 90% of global trades are conducted via ships.Meanwhile, the International Transport Forum (ITF) Outlook 2019 estimates that the global freight volumes are likely to increase by 11% by 2050 owing to rapid growth in e-commerce activities.Asia Pacific marine coatings market is expected to witness commendable growth on account of presence of leading shipbuilding industries as well as increasing freight demands from e-commerce giants.China Shipbuilding Industry Corporation…

Singapore-based offshore vessel operator Pacific Radiance has won an arbitration award against a Chinese shipyard in a case involving two cancelled platform supply vessels (PSVs).The arbitral award provides for the refund of the pre-delivery instalment amounting to $2.8m along with contractual interest from the date of payment of the instalments until the date of refundThe arbitration case began in November 2016 when Pacific Radiance’s joint venture firm CA Offshore Investment Inc (CAOI) filed claims against Shanghai Waigaoqiao Shipbuilding & Offshore Co and China Shipbuilding Trading (Shanghai) Co in the Hong Kong International Arbitration Centre (HKIAC)…