CSSC Tops Global New Shipbuilding Volume in H1

In the first half of 2021, China State Shipbuilding Corporation Limited (CSSC) received 232 vessel orders with a total carrying capacity of nearly 18.39 million tons, hitting its annual order target ahead of schedule and ranking top in the global market share in that aspect.

Several container ship orders signed by CSSC are related to building the latest green, environmentally-friendly, highly efficient and energy-conserving vessels. Key facilities designed and manufactured by CSSC will be installed on these ships.

It's worth noting that CSSC and France-based CMA CGM Group reached an agreement on building three types of container ships that are valued at more than 10 billion yuan ($1.55 billion), the most valuable order CSSC has ever received.

The company will also provide various types of ultra-large container ships to Swiss and Canadian buyers as well as the Evergreen Marine Corp. in Taiwan, China.

In addition to container ships, environmentally-friendly ship construction has also been highlighted by CSSC.

Its subsidiaries in South China's Guangdong Province and Guangxi Zhuang Autonomous Region signed a contract with GNG Ocean Shipping Co., Ltd to design and build 50 liquefied natural gas-powered bulk cargo ships, which are expected to contribute to the "Green Pearl River" project and China's goal to lower carbon emissions.

In response to China's goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, among other environmentally-protective targets, the project intends to promote the green development of inland rivers and build green shipping in Guangdong, transforming the region into a beautiful bay area.

(Executive editor: Niu Yilin)