China State Shipbuilding Corp News

Guangzhou Shipyard International (GSI), part of China State Shipbuilding Corp, has recently taken the lead in orders LNG dual-fuel pure car truck carriers (PCTCs), reports China Daily.The company now has contracts to build 25 PCTCs after a recent contract signing for three 8,600 ceu dual-fuel PCTCs for an unnamed Asian company. Other orders include three 7,000 ceu dual-fuel PCTCs with Guangzhou Yuanhai Automobile Shipping and three LNG dual-fuel 7,000 ceu newbuilds from COSCO.Of the yards 25 PCTC orders, 11 are being built for overseas companies, including South Korea's H-Line Shipping.

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…

CSSC Marine Service Co (CMS), the worldwide equipment service subsidiary of China State Shipbuilding Corp (CSSC), has extended its range of services for WïnGD and RT-Flex two-stroke engines, with the introduction of an injection control unit (ICU) overhaul and testing service. The development marks the first time that OEM-authorized ICU overhaul and testing has been available in China.ICU overhauls are traditionally carried out in two key ports worldwide and often require international shipment of complete ICUs to and from the repair shop at great cost.

China State Shipbuilding Corp (CSSC) equipment service subsidiary CSSC Marine Service Co (CMS) said it has completed the first ever major overhaul on two WinGD X-DF engines—in only nine days.The twin 6X62DF engines overhauled belong to the first ever X-DF powered vessel in operation, 2017-built 180,000-cbm liquefied natural gas (LNG) carrier SK Audace, owned and operated by SK Shipping Co. LTD. The work was performed while the ship was at the Sabine Pass anchorage in Texas.In the three years since vessel delivery…

Hudong-Zhonghua Shipbuilding Co, a unit of China State Shipbuilding Corp, has signed contract to construct three liquefied natural gas (LNG) carriers worth 3.9 billion yuan ($551.62 million), reported the state-backed Jiefang Daily on Tuesday.The LNG carriers, each with a capacity of 174,000 cubic metres, will be operated by China COSCO Shipping and be deployed for LNG shipping services for PetroChina International Co, an affiliate of China National Petroleum Corp."The construction of the new LNG carriers is to response government calls to expand domestic demand," Jiefang Daily reported, citin

The biggest and most powerful liquefied natural gas (LNG)-fueled engine ever built has received type approval from classification society Bureau Veritas (BV), Switzerland-based engine manufacturer Winterthur Gas & Diesel (WinGD) said on Wednesday.BV awarded the approval for WinGD’s dual-fueled 12X92DF engines, the first series of which is currently being built by China State Shipbuilding Corp (CSSC) and will power nine ultra-large container ships (ULCS) -- the largest ever powered…

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

German manufacturer GEA has developed a new, transcritical CO2 technology especially for use on seagoing vessels.GEA signed a contract last year with P&O Cruises, part of Carnival Corporation & PLC, the world's largest commercial cruise ship operator, for its new transcritical CO2 refrigeration technology.The environmentally friendly refrigeration technology has already been installed on board the Arcadia, a 2,000-passenger ship from P&O Cruises, where it provides energy-efficient refrigeration for all the ship's food and beverage refrigeration systems.Further orders for its transcritical CO2 refrigeration technology have now been received by GEA for two new cruise ships to be built in China and for a Dutch fishing trawler…

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 world's largest silent research vessel built by China was officially put into use, which will pave the way for the cultivation of innovative deep-sea talent and ocean science study.Built by Shanghai-based Jiangnan Shipyard (Group) Co., Ltd, the Dong Fang Hong 3 is the first Chinese research vessel and the world' fourth to have obtained a Silent-R certificate, the highest standard for underwater noise control issued by Norwegian international certification body, DNV GL, according to Xie Jun, chief builder of the vessel.The ship is the first one in China and fourth in the world to receive the certification, positioning the vessel at the highest international standard in terms of the underwater radiation noise control in the world.

The ship-leasing unit of China’s state-owned shipbuilder China State Shipbuilding Corp. (CSSC) plans to raise as much as HK$2.2 billion ($280 million) in an initial public offering in Hong Kong.CSSC (Hong Kong) Shipping, the leasing company, is issuing 153.4 million shares at an indicative price range of HK$1.34 to HK$1.42. The minimum investment is HK$2,868.62 per lot of 2,000 shares.CSSC (Hong Kong) Shipping owns 100 vessels with a total value of $5.6 billion.According to Caixin, CSSC will remain the largest shareholder of the Hong Kong unit with 75% after the listing.The report said that CSSC (Hong Kong) Shipping has secured four cornerstone investors that subscribed for a combined 1.25 billion shares.The investors are China Reinsurance Corp., China Shipping Container Lines Co.

The China State Shipbuilding Corp (CSSC), the nation's largest shipbuilder, will build China’s first luxury cruise ship, which is expected to begin operations as early as 2021, said a report in SCMP.China's first domestically built luxury cruise liner, designed to be bigger than the ill-fated Titanic, will be 323.6 meters long and 37.2 meters wide, will have 3,921 beds and accommodate 4,980 passengers.CSSC has signed an agreement to build the 135,000-metric-tonne cruise ship in partnership with British-American cruise operator Carnival Corporation, the Italian shipbuilder Fincantieri and British Lloyd’s Register in Shanghai.China is…

Further shipowners turning to LGP in advance of 2020 emissions deadlineJiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company. Vessel delivery is scheduled for the second half of 2021 and includes an option for a second vessel.Bjarne Foldager – Senior Vice President, Head of Two-Stroke Business at MAN Energy Solutions – said: “With 2020 and the new IMO emissions fast approaching…

China's cabinet has given preliminary approval to merge the country's two largest shipbuilders, China State Shipbuilding Corp with China Shipbuilding Industry Corp, Bloomberg reported on Friday, citing people familiar with the matter.   It said the move, which will create a firm that will dwarf its South Korean rivals such as Hyundai Heavy Industries Co , could still be subject to change as many details needed to be ironed out by ministries and regulators.   The two companies have multiple shipyards across China whose products range from aircraft carriers to commercial ships which carry oil and gas.   Reporting by Brenda Goh

China State Shipbuilding Corp (CSSC) said on Monday Lei Fanpei would become the Chinese state shipbuilder's new chairman, replacing the incumbent Dong Qiang.   Lei will relinquish his duties as the chairman at the China Aerospace Science and Technology Corp, the country's space agency, CSSC said in a statement on its website. It did not say where Dong would move to.   CSSC is one of China's two largest shipbuilding conglomerates, alongside its rival China Shipbuilding Industry Corp. Its yards include Shanghai Waigaoqiao Shipbuilding and Hudong-Zhonghua Shipbuilding whose products range from cruise ships to frigates and its listed unit is China CSSC Holdings.   Reporting by Brenda Goh

The primary contractor for China's naval force China State Shipbuilding Corp (CSSC) is preparing a major asset reorganization involving its two subsidiaries, reported China Daily. The companies have halted stock trading on the Shanghai Stock Exchange The announcement said that whether the reforms take place would be decided in the next 10 trading days. CSSC Holdings Ltd and CSSC Offshore and Marine Engineering Co Ltd both acted upon the notices from their parent company about the potential asset reform by suspending their stock trading. The CSSC group is the parent of three listed companies. CSSC Science and Technology Co Ltd didn't respond to the notice.

China's government controlled China State Shipbuilding Corp (CSSC) is going beyond building navy vessels and making advanced scientific research ships, Xinhua reported. CSSC has been focussing on defence sector till now. It was the largest supplier of surface combatants to the Chinese Navy, said the report. CSSC has been using its expertise in the research and development of naval hardware to construct high-tech civilian ships, encouraged by government measures to boost transfer of defense-related technologies to civilian and business sectors, said company officials. The company is currently making a polar research icebreaker－the first to be built from the keel up by China－at the Jiangnan Shipyard…

China Cosco Shipping Group has inked a contract with China State Shipbuilding Corp to build 10 valemaxes. The contract was signed on Thursday. The giant bulk carriers will all be constructed at CSSC’s flagship yard, Shanghai Waigaoqiao Shipbuilding, CCSG said in a press release. A report in Xinhua says that all 10 very large ore carriers (VLOC)  will be 400,000-tonnes. The order is to meet a long-term transportation service agreement that COSCO signed with Brazilian miner Vale on March 18. According to the agreement, COSCO's subsidiary China Ore Shipping will ship around 16 million tonnes of iron ore for Vale annually for the next 27 years. China COSCO Shipping Corporation is a new company formed by the restructuring of China's top two shipping firms, officially established in February.

In an industry first, the Miami-based  Carnival Corp. will develop a multi-ship domestic Chinese cruise brand with Chinese partners. Carnival, the world’s largest cruise company, formed a joint venture with China State Shipbuilding Corp., the largest shipbuilder in China, and China Investment Corp., a sovereign wealth fund with $740 billion in assets. Carnival Chief Executive Officer Arnold Donald formalized the accord Wednesday in a meeting in London with Chinese President Xi Jinping, who is on a state visit to the U.K., according to a statement released by Carnival. All parties will collectively invest $4 billion into the venture in the first 10 years, Carnival Corp Chief Operating Officer Alan Buckelew said.

After an uneven couple of years punctuated by struggling economic factors worldwide, maturing markets and some highly publicized accidents and illnesses, the cruise industry is hoping to find a little “double happiness” from the rapidly growing Chinese market – enhanced profits and renewed market growth for both operators and builders. For its part, the Chinese government is betting on a triple payout:  it hopes to serve a growing middle class (estimated at a potential 300 million market) and its desire for cruising vacations…

Shanghai Waigaoqiao Shipbuilding  (SWS), a  yard owned by the industrial conglomerate China State Shipbuilding Corp (CSSC), has secured a US$312million loan from the Export-Import Bank of China to build three 18,000 teu containerships. The deal marks the first time that SWS will be building large containerships of 18,000 teu in capacity. The new buildings will be deployed on the main Asia-Europe trading lanes and the charterer is one of the world’s top three biggest lines, according to CSSC. Founded in 1999, SWS is a wholly owned subsidiary of China CSSC Holding Ltd., a publicly listed company controlled by China State Shipbuilding Corporation (CSSC). The main business of SWS covers design, construction and repair of marine vessels and offshore products.