China State Shipbuilding Corp (CSSC) has marked its move from Beijing to Shanghai with a string of newbuilding and equipment contracts worth CNY 120bn ($1.88bn).
The group is one of several state-owned enterprises that has exited the capital as part of a government shake-up.
CSSC said it has inked eight newbuilding contracts across multiple ship types including LNG carriers, container ships, pure car/truck carriers, ro-paxes, heavy-lift vessels and bulkers. It did not reveal the value of individual contracts or delivery dates.
HuaXia Financial Leasing, Compagnie Maritime Belge (CMB), China Merchants Shipping, CSSC Leasing, H-Line Shipping, AAL Shipping, TS Lines, Grand Navi Veloci have been named as making deals with CSSC yards.
CSSC said Jiangyin-based Chengxi shipyard has signed a newbuilding contract with HuaXia Financial Leasing for up to eight ultramax bulkers, which was reported by TradeWinds in early December.
CMB booked two ammonia-ready 210,000-dwt newcastlemax bulkers at Qingado Beihai Shipbuilding Heavy Industry, taking its newbuilding tally at the Chinese shipyard to eight. TradeWinds reported these orders in September.
Guangzhou Shipyard International has secured orders for two 7,000-ceu LNG-fuelled pure car/truck carrier newbuildings with H-Line Shipping of South Korea and two 1,500 passenger capacity ro-pax vessels with Grand Navi Veloci.
Taiwan's TS Lines has returned to Shanghai Waigaoqiao Shipbuilding for two 7,000-teu boxships, taking its newbuildings tally there to six. TS Lines' four earlier vessels were booked in the middle of this year.
Singapore's AAL Shipping has ordered four conventionally fueled 32,000-dwt multi-purpose ships at CSSC Guangzhou Huangpu Wenchong Shipyard. The deal included options for two additional units.
Jiangnan Shipyard and Dalian Shipbuilding Industry Co (DSIC) have each inked letters of intent (LOI) for one firm 175,000-cbm LNG ship with an option for an additional vessel with domestic owners.
CSSC Leasing has made the newbuilding pact with Jiangnan, while China Merchants Energy Shipping has inked the LOI with DSIC.
CSSC controls more than half of China’s shipbuilding capacity, as well as multiple subsidiaries listed in Shanghai.
