China showcased its shipbuilding power during the huge biennial Marintec China exhibition last week.
For example, newly merged state-owned China State Shipbuilding Co (CSSC) held a closed-door contract signing ceremony for various shipbuilding projects at Mandarin Oriental Pudong Hotel. The estimated total value of the contracts was around CNY 30bn ($4.27bn).
Newbuilding contracts that were sealed included newcastlemax bulk carriers booked by ICBC Leasing, LPG carriers ordered by Petredec, dual-fuelled suezmax tankers by Eastern Pacific Shipping, a leasing deal by Golar LNG for a converted FSRU and many more.
Shortly after the contract signing, CSSC hosted a sit-down dinner reception for some 400 guests. TShipowning companies that attended the reception included Wah Kwong Maritime Transport, Shandong Shipping, Golar LNG, Parakou Shipping and many more.
At the Marintec show, Dalian Shipbuilding Industry Co (DSIC) received approval in principle (AIP) from Lloyd’s Register for the design of an ammonia-fuelled, 23,000-teu containership that is also being developed with MAN Energy Solutions.
Privately-owned Chinese shipbuilders such as Yangfan Group, PaxOcean Groups and Japanese-owned Tsuneishi Group also displayed their shipbuilding muscle at the exhibition.
The trade show has also attracted a large number of ship equipment suppliers, since China has the largest number of shipyards in the world.
