Chinese shipbuilding industry
- Thread starter tphuang
- Start date
US dry bulk shipowner getting two Ultramaxes at DACKS (Dalian).
Forget about the Ever Given for the moment, Evergreen gets the Ever Ace from Samsung Heavy Industries, this class of ship is split between Samsung and CSSC. At almost 24,000 TEU, this will be the biggest container ship yet.
Shipyards at Zhoushan are banning Indian and Bangladesh vessels that have rotated Indian crews, for repair and maintenance.
Chinese and French companies are working on a wind assisted container ship concept.
One shot CanSino vaccine will be available on Chinese ports to vaccinate Chinese crews.
Greek shipowner orders two small container ships at Huangpu.
Forget about the Ever Given for the moment, Evergreen gets the Ever Ace from Samsung Heavy Industries, this class of ship is split between Samsung and CSSC. At almost 24,000 TEU, this will be the biggest container ship yet.
Shipyards at Zhoushan are banning Indian and Bangladesh vessels that have rotated Indian crews, for repair and maintenance.
Chinese and French companies are working on a wind assisted container ship concept.
One shot CanSino vaccine will be available on Chinese ports to vaccinate Chinese crews.
Greek shipowner orders two small container ships at Huangpu.
Freight rates between Asia and Europe are jumping sky high. A forty footer container is now over $10,000, *gasp*. If you think this does not have a profound effect on your daily life, think again. Rising freight rates are going to mean rising costs of items you see in the store, supermarket, grocery and online.
The rise of freight rates is a direct threat to the cost of both China's imports and exports which in turn is a direct threat to its economic performance.
This is a problem that has been in the making for over a decade. The ship building boom in the 2000s led to a bust around 2010 or so. When the bust happened, orders dropped, shipyards closed. There are still many ship orders but the global fleet had its attrition. Green regulations hastened the retirement of older ships, and the rising costs of steel made it more attractive to retire older ships earlier for scrapping. Now we are scrambling to build as many new ships as we can. You can expect spill over effects as ship owners make simultaneous orders in China, South Korea and Japan because its impossible to fulfill a large order in one shipyard at the same time.
The delivery of the CMA CGN Trocadero is most timely.
The production order is for 9 ships, with four being built at Jiangnan and the five being built at Hudong Zhonghua, at the latter's Changxing Island facility which is right next to Jiangnan. Altogether, these means all of the ships are built in Changxing.
It is powered by the world's largest duel fueled LNG powered engine built in a CSSC facility.
This gives you a sense of the enormity of these ships.
Big as it is, Evergreen's new container ship class, beginning with the Ever Ace displaces even more, almost 24,000 TEU. The production of these ships are parceled between Samsung Heavy Industries and CSSC-Jiangnan. With Jiangnan finishing its part of the CMA CGN contract, the Evergreen ships should be their next project.
The rise of freight rates is a direct threat to the cost of both China's imports and exports which in turn is a direct threat to its economic performance.
This is a problem that has been in the making for over a decade. The ship building boom in the 2000s led to a bust around 2010 or so. When the bust happened, orders dropped, shipyards closed. There are still many ship orders but the global fleet had its attrition. Green regulations hastened the retirement of older ships, and the rising costs of steel made it more attractive to retire older ships earlier for scrapping. Now we are scrambling to build as many new ships as we can. You can expect spill over effects as ship owners make simultaneous orders in China, South Korea and Japan because its impossible to fulfill a large order in one shipyard at the same time.
The delivery of the CMA CGN Trocadero is most timely.
The production order is for 9 ships, with four being built at Jiangnan and the five being built at Hudong Zhonghua, at the latter's Changxing Island facility which is right next to Jiangnan. Altogether, these means all of the ships are built in Changxing.
It is powered by the world's largest duel fueled LNG powered engine built in a CSSC facility.
This gives you a sense of the enormity of these ships.
Big as it is, Evergreen's new container ship class, beginning with the Ever Ace displaces even more, almost 24,000 TEU. The production of these ships are parceled between Samsung Heavy Industries and CSSC-Jiangnan. With Jiangnan finishing its part of the CMA CGN contract, the Evergreen ships should be their next project.
