SHIPBUILDING: CSSC Signs for 36 Newbuilds, Worth $1.48B

Maritime Activity Reports, Inc.

January 29, 2019

Image: China State Shipbuilding Corporation

Image: China State Shipbuilding Corporation

Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has signed  contracts for 36 newbuildngs worth a total contracts value of over RMB10bn (USD1.48bln).

According to the state media Xinhua, the vessels will be built at a number of different yards under the CSSC umbrella and CSSC (Hong Kong) Shipping Company, will provide financing service to all 36 newbuildings.

The contracts include manufacturing of 36 new ships including 174,000-cubic-meter liquefied natural gas (LNG) ships, 13,000-tonne multi-purpose heavy lift ships, 300,000-tonne VLCC feeder container ships, 95,000-tonne ice-enhanced bulk carriers as well as intelligent marine fishers and aquaculture ships.

The report said that most of the ships to be built are high-end ship types that lead the development of the international ship market, and some ships will be used for the Belt and Road (B&R) construction after being completed and delivered.

The construction of the ships will be undertaken by the subsidiaries of CSSC, such as Jiangnan Shipyard (Group) Co Ltd, Hudong-Zhonghua Shipbuilding (Group) Co Ltd, and Shanghai Waigaoqiao Shipbuilding Co Ltd. (Edited by Jiang Feifan)

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