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March 4, 2024

CSSC Inked 32 New Vessels in January 2022

BY Shivani

China State Shipbuilding Corporation (CSSC) signed contracts for 32 new building orders in January 2022. The shipbuilding unit of CSSC marked a total of 2.86 million dwt in the first month, representing a 146.5 per cent increase.

Middle and high-end vessel types, such as LNG carriers, VLGCs, VLECs, and large-sized dual-fuel containerships, account for 87 per cent of total order volume.

CSSC, Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding, and Waigaoqiao Shipbuilding, three major Shanghai-based shipbuilding companies, received 18 vessel orders and delivered nine vessels in January.

CSSC delivered 18 vessels totalling 2.326 million dwt in the first month. 67 per cent of them were high-value-added and high-tech vessels and currently has 586 orders on hand totalling 41.24 million dwt.

The developed countries also account for almost 70% of the new build orders.

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