These are vessels specialized for off shore wind energy installations.
Chinese shipbuilding industry
- Thread starter tphuang
- Start date
These are vessels specialized for off shore wind energy installations.
Guandong Huangpu lands a contract to build its biggest ship so far, at 16,000 TEU as the shipbuilding industry starts with a big bang.
Hudong Zhonghua lands its biggest LNG carrier order.
More containership orders although smaller ships this time.
Hudong Zhonghua lands its biggest LNG carrier order.
More containership orders although smaller ships this time.
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It is amazing how a small and not so rich country like Greece is a major ship owning superpower. This also gives some idea why China moved to help Greece during its debt crisis and why China's ties with Greece is deepening. Those Greek owned ships play a vital part of the sea born belt and road.
Almost everyone does flags of convenience. Ship owners does not equate to ship liners who do the maintenance and crewing.
It reminds me a conversation a while ago with a co-forumer, in which i was complaining about the situation of Greece etc, and he said that Greece was superpoor before entering EU blah blah etc. I was bored that time to explain the situation, that Greece is a 2 geared country, the ultrarich shipping capitalists(who also own the banks and media) and the rest. Shipowners strength can be tracked back in Ottoman Empire times, when these guys managed to avoid being taxed by Turks, made huge fortunes, managed to operate under other nations flags, and during the Greek revolution of 1821 shipowners funded the sea struggle against Ottomans, making a Navy by converting merchant ships to warships and with guerilla tactics by the experienced crews, beat the Ottoman navy in many occassions. In short, they got so much power that they wanted to get rid of the Ottoman rule to expand their operations freely.
^^So much entertaining to watch. Part of "Black Trail" documentary about the pollution from merchant shipping.
sorry for the off topic
It maybe counterintuitive but one thing to understand in the shipping industry. Ship liner does not mean ship owner. An example of a ship liner would be Evergreen. Maersk, MSC, CMA CGN, COSCO, ONE, MOL, and so on. It would be a surprise to people that these liners do not necessarily own the ships that sail under their colors. They are leased from shipowners or a consortium of shipowners. For example, the infamous Ever Given which blocked the Suez Canal. While it is an Evergreen ship, which is a Taiwanese company, the ship is owned by a Japanese financial institution. The institution is the one that financed and made the build order to a Japanese shipyard, and leased the ship to Evergreen. Usually there is a consortium of shipowners that supply leasing agreements to a shipping line. For instance there is a class of ship that is run by a shipping line, with an X number of vessels, these vessels can have different owners each. Thus while Greece does not have a shipping line in the same size and caliber of Maersk, MSC, and CMA CGN, any number of vessels by these shipping lines are owned by Greek tycoons or institutions, which are leased to the shipping lines. One has to remember that many of these ships are bought and ordered from Chinese shipyards, or they served the Maritime Belt route, the artery for China's global exports.
In the case of COSCO, while it is a state owned shipping line, various vessels may be owned by other institutions, usually state owned banks, financial institutions and even local governments.
In the case of COSCO, while it is a state owned shipping line, various vessels may be owned by other institutions, usually state owned banks, financial institutions and even local governments.