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China Shipbuilding Industry Corporation's subsidiaries have won big orders in succession, and its listed companies' semi-annual performance has doubled

2024-08-20

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Recently, subsidiaries of China State Shipbuilding Corporation Limited have won orders for large ships, with both production and sales booming, and the delivery date has been scheduled to after 2028. The three listed companies under China State Shipbuilding Corporation expect their semi-annual performance to rise, with attributable net profits increasing by more than 100% year-on-year.

Source: Photo Network

Three large orders were signed within five days, and the delivery date has been scheduled until 2028

On August 19, 2024, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (hereinafter referred to as Hudong-Zhonghua), a wholly-owned subsidiary of China State Shipbuilding Corporation (hereinafter referred to as China State Shipbuilding Corporation), jointly with China State Shipbuilding Trading Co., Ltd. (hereinafter referred to as CSSC Trading) and Pacific Shipping Company Limited signed a contract to build five 13,000TEU (standard container) liquefied natural gas (LNG) dual-fuel powered large container ships.

The above-mentioned LNG dual-fuel powered large container ship is a green and environmentally friendly container ship independently developed and designed by Hudong-Zhonghua with completely independent intellectual property rights. The ship is 335 meters long, 51 meters wide, 27.20 meters deep, with a maximum container capacity of 13,000TEU, which can carry 2,200 refrigerated containers. The ship is equipped with an LNG dual-fuel propulsion system and a 12,000 cubic meter B-type LNG fuel tank independently developed by Hudong-Zhonghua. In gas mode, the endurance is up to 22,000 nautical miles.