Chinese shipbuilding industry

ACuriousPLAFan

Lieutenant General
Registered Member
From what I can see these images are from 2021. I thought China canceled plans for any noteworthy FNPP?

I haven't heard or seen anything indicating that to be the case. Also, without knowing the title and time of publication of that paper, it could've been from N-years ago instead of just recently.
 

DanWangJZ

New Member
Registered Member
I haven't heard or seen anything indicating that to be the case. Also, without knowing the title and time of publication of that paper, it could've been from N-years ago instead of just recently.

There are time stamps on each image. 3.1, 3.3, and 3.4 were generated in 2021, and 3.2 in 2022. The plan to suspend building them in the South China Sea came into effect a few years back, not sure if that's changed though.
 

jli88

Junior Member
Registered Member
December and full year stats are out:

For Full year 2025:
  1. global ship orders in 2025 will total 56.43 million compensated gross tons (CGT), a 26.5% decrease from 2024
  2. Korea received 11.6 million CGT in orders, a 7.6% increase from 2024. Its market share reached 21%
  3. China received orders for 35.37 million CGT, a 34.8% decrease from 2024. Its market share reached 63%, down 8 percentage points from 2024.
  4. Japan at 5%.

Other notable observations:

  1. Korean orders increased in 2025 while China's decreased. Overall, China had a good year but not the peak of 2024 where it had 70+ % market share.
  2. Koreans did really well in LNG, can't find the source now, but apparently China got only 3 LNG orders in 2025, while Korea secured bulk of it.
  3. Koreans are predicting a major new cycle of LNG carriers in short term and predicting that they are going to win it all.
  4. In 2022, the market share for LNG carrier newbuilds was 67.5% (115 vessels) for Korea and 32.5% (56 vessels) for China. In 2024 the gap narrowed to 57.2% (48 vessels) for Korea and 42.8% (28 vessels) for China.
  5. Instead of overtaking Korea, Chinese LNG orders went in reverse, however it was a lean period for orders and could be a blip.

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January Numbers are out:

  1. According to Clarkson Research, a British shipbuilding and shipping market research firm, global shipbuilding orders last month reached 5.61 million compensated gross tonnage (CGT) (158 vessels). This represents a 37% decrease compared to December of last year (8.91 million CGT), but a 27% increase compared to the same period last year (4.43 million CGT).
  2. China (3.74 million CGT) ranked first with a 67% share, while Korea (1.25 million CGT) ranked second with a 22% share.

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sunnymaxi

Colonel
Registered Member
Hengli Shipbuilding Secures Up to USD1 Billion Order for Big Oil Tankers

Hengli Shipbuilding, a Chinese high-end shipbuilder and marine engineering services provider, has secured an order for 10 large crude oil tankers, which could be worth between USD700 million and USD1 billion.

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Note - Hengli group is a separate shipbuilding entity and doesn't come under CSSC.
 

Wrought

Captain
Registered Member
Hengli Shipbuilding Secures Up to USD1 Billion Order for Big Oil Tankers

Hengli Shipbuilding, a Chinese high-end shipbuilder and marine engineering services provider, has secured an order for 10 large crude oil tankers, which could be worth between USD700 million and USD1 billion.

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Note - Hengli group is a separate shipbuilding entity and doesn't come under CSSC.

Hengli is a private conglomerate. CSSC is state-owned.
 

tphuang

General
Staff member
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CIMC Enric's announcement today, its subsidiary, Youqi Environmental Engineering (Shanghai) Co., Ltd. (hereinafter referred to as "Youqi Environment"), as a core supporting enterprise, delivered the liquid cargo system and LNG dual-fuel gas supply system EPC package for a 9000m³ ethylene multipurpose transport vessel.

Another choke hold point broken.
 

ACuriousPLAFan

Lieutenant General
Registered Member
Excerpt from an academic paper depicting an FEA simulation model of a 80000-ton floating nuclear power plant. Posted by @伏尔戈星图 on Weibo.

View attachment 169022

Speaking of which, @伏尔戈星图 indicated that the 30000-ton nuclear-powered icebreaker project and the 80000-ton floating nuclear power plant project are to begin work soon (if not already).

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