Hudong-Zhonghua Shipbuilding plans to double its capacity and strengthen its high-end shipbuilding focus during China's 15th Five-Year Plan.
Hudong-Zhonghua Shipbuilding aims to double its capacity and consolidate its strength in high-end shipbuilding during China's 15th Five-Year Plan, reports China Daily.
The Shanghai yard holds 57 LNG carrier orders, accounting for 21.89 percent of the global market share. Company chairman Chen Jianliang stated that orders in hand exceeded CNY150 billion (US$21.76 billion) by the end of 2025.
Revenue rose by 20 percent last year, while operating profit surged by 380 percent. The shipbuilder completed 13 LNG ships and delivered 11 in 2025. Mr. Chen emphasized that the company will continue to focus on high-end shipbuilding, noting that South Korea and Western Europe still dominate the LNG and cruise ship segments.
China retained its position as the world's largest shipbuilding nation for the 16th consecutive year in 2025, completing 56.1 percent of global output, securing 69 percent of new orders, and holding 66.8 percent of vessel orders.
Hudong-Zhonghua has pioneered ultra-large container vessels and LNG carriers. It built the first dual-powered containership of 23,000 TEU for CMA CGM in 2018. By 2025, Chinese yards held 80 percent of the global order volume for such vessels.
LNG carrier construction remains challenging. Hudong-Zhonghua took 38 months to build its first LNG ship in 2008, compared with a minimum of 16 months today. The yard has delivered 60 large LNG vessels to date, each capable of carrying 174,000 cubic meters of liquefied gas, enough to supply a city of 3-4 million.
