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China Shipbuilding bags US$4.2 billion contracts at Marintec China

CHINA Shipbuilding Group that has been newly created through the merger of the two largest Chinese state-run shipbuilders CSSC and CSIC, secured contracts worth CNY30 billion (US$4

China Shipbuilding bags US$4.2 billion contracts at Marintec China

CHINA Shipbuilding Group that has been newly created through the merger of the two largest Chinese state-run shipbuilders CSSC and CSIC, secured contracts worth CNY30 billion (US$4

05 December 2019 - 19:00

CHINA Shipbuilding Group that has been newly created through the merger of the two largest Chinese state-run shipbuilders CSSC and CSIC, secured contracts worth CNY30 billion (US$4.2 billion) at the Marintec China event in Shanghai. The deals comprise both newbuilding and financing contracts.

Also at Marintec China, Dalian Shipbuilding entered into a contract with China Merchants for the construction of four very large crude carriers (VLCCs).



Waigaoqiao Shipbuilding secured a series of newcastlemax bulk carrier projects including a 2+2 order from Eastern Pacific Shipping and another 2+2 order from ICBC Leasing, reported Splash 247.



Stena Bulk ordered two 50,000 dwt methanol carriers with options for two more from Guangzhou Shipyard International, which also received an order from Eastern Pacific Shipping for the construction of 2+2 LNG dual fuelled suezmax tankers.



Hudong Zhonghua Shipbuilding bagged a contract from MOL for the construction of a 18,600 cubic metre liquefied natural gas (LNG) bunkering vessel.



Jiangnan Shipyard won a newbuilding contract for two very large ethane carriers (VLECs) from Pacific Gas, and a contract for four very large gas carriers (VLGCs) from Sino Gas. It also secured contracts for two 22,000 cu m liquefied ethylene gas carriers (LEGs) from Petredec as well as one 3,600-car equivalent unit (CEU) car carrier with UECC.



Qingdao Beihai Shipbuiding signed two newcastlemax bulk carriers with CSSC Shipping while Chengxi Shipyard secured a contract from CDB Leasing for two post-panamax bulk carriers.



Chongqing Chuandong Shipbuilding was awarded a contract by Cosco for two 13,800 dwt chemical tankers.



CSSC Shipping entered into a financial leasing contract with Golar LNG for a floating storage and regasification unit (FSRU) conversion project and it also signed a financing deal with Sino Gas for four 86,000 cum VLGCs, as well as a financing deal with DBS bank for a VLCC.



Separately, CSSC Shipping signed a joint investment agreement with Navig 8 for 2+2 dual fuel LR2 tankers and a charter agreement with Shandong Shipping for two newcastlemax bulkers.


WORLD SHIPPING

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