Mindblowing!! China secures 76% of global shipbuilding orders in April: data

[Beijingwalker]

Mindblowing!! China secures 76% of global shipbuilding orders in April: data
Published: May 08, 2024 07:34 PM

China's second domestically built large cruise ship on April 20, 2024 enters a dock at the No.2 dock of its builder Shanghai Waigaoqiao Shipbuilding Co (Photo: CCTV)

Chinese companies clinched 76 percent of all global shipbuilding orders in April, becoming the No 1 shipbuilder in the world, according to latest industry data, highlighting China's increasingly prominent role in the global shipbuilding industry.

Industry analysts note that the US' protectionism cannot stop Chinese shipbuilders' rise.

According to Clarkson Research, a provider of shipping and trade data released on Tuesday, global shipbuilding orders in April reached 4.71 million compensated gross tons (CGT) for 121 vessels, marking a 24-percent year-on-year increase. Chinese firms secured 3.58 million CGT (76 percent, 91 vessels), ranking the first; while the runner-up South Korea obtained 670,000 CGT (14 percent, 13 vessels).

Additionally, as of the end of April, unfinished orders decreased by 100,000 CGT compared to the previous month, amounting to 129.91 million CGT. China and South Korea accounted for 64.86 million CGT (50 percent) and 39.10 million CGT (30 percent) of those orders, respectively.

"China's leading position in shipbuilding has been set up since the 14th Five-Year Plan starts. While previously excelling in mid-to-low-tier market segment, China is now vigorously advancing into high-end shipbuilding domain such as making LNG vessels. Efforts by Chinese shipbuilders have garnered considerable acclaim in the world," Tian Yun, a veteran economist told the Global Times on Wednesday.

In addition to the gains in manufacturing capacity, China has also made significant breakthroughs in ship maintenance, garnering growing demand both domestically and abroad. Overall, the market now appears to be a showdown between China and South Korea, according to Tian.

Shipbuilding, known as the one of crown jewels of manufacturing, which spans over 50 sectors and boasts an extensive supply chain.

Since 2019, China's ship completions have risen steadily. In January-September 2023, China accounted for 46 percent of global completed tonnage, 63.5 percent of the new orders, ranking first worldwide.

Market watchers said that China will continue to enjoy the dominant position in the global shipbuilding market within a decade, due to its strong supply chain capabilities and increasingly eco-friendly tech advancements.

As China makes steady gains in shipbuilding, the US is worrying about losing another key industrial sector. Seeking to stymie Chinese shipbuilders, the US government launched a so-called Section 301 investigation on April 17, citing alleged "unfair economic practices" by China in maritime, logistics, and shipbuilding domains.

China's Ministry of Commerce rebuffed the US accusation, calling it baseless and a distortion of normal trade and investment activities. China isn't responsible for the US shipbuilding industry's lagging behind, resulting from the US' excessive protectionism. China's industrial growth is fueled by technological innovation and free market competition, not the non-market practices as alleged by the US, the ministry said.

 

[Beijingwalker]

Korean Shipbuilding Industry’s Order Share Plummets amid Strong Showing by China in April​

Editor Michael Herh
2024.05.08 14:46

A 174,000-cubic-meter liquefied natural gas (LNG) carrier built and delivered by HD Hyundai Heavy Industries

The Korean shipbuilding industry’s order share plunged amid a strong showing by rival China in April.

According to Clarkson Research, a U.K.-based shipbuilding and shipping market analyst, Korea’s ship order intake in April ranked second globally with 670,000 CGT (13 ships). The figure represented only 14 percent of the global ship orders (4.71 million CGT) and was a significant drop from the country’s share of shipbuilding orders (38 percent) in March. China, on the other hand, took the top spot with 3.58 million CGT (91 ships) in April, representing a 76 percent share. This was a significant increase from the previous month’s share (43 percent) and marked the second consecutive month that China held the top spot.

The widening gap between Korea and China in shipbuilding order shares is attributable to their different order-taking strategies. Korea’s shipbuilding industry is pursuing a selective ordering strategy, focusing on eco-friendly, high-value-added vessels such as liquefied natural gas (LNG) carriers and very large ammonia carriers (VLACs). However, the Chinese shipbuilding industry is targeting not only large ships but also medium-sized ships based on its larger production capacity and price competitiveness than Korea’s. This fact led to the widening gap, industry insiders say.

However, questions are being raised as to whether or not Korean shipbuilders’ selective ordering strategy will work in the future. LNG carriers accounted for 55.4 percent of South Korea’s total shipbuilding order intake in the first quarter, while liquefied petroleum gas (LPG) carriers and VLACs accounted for 21.8 percent. However, their strong performances in taking orders for LNG carriers was largely due to the second batch of the orders for the Qatar Project, which began in July 2023 and placed shipbuilding orders with Korean shipbuilders earlier this year. Some experts say that Korean shipbuilders will hardly show such strong performances in taking new orders in the new shipbuilding market in the future.

“In terms of new LNG carrier orders, it is difficult to expect much volume other than that related to some development projects after the Qatar order type,” said the Export-Import Bank of Korea’s Overseas Economic Research Institute in its latest report on the shipping and shipbuilding industry’s first quarter trends.

Korean Shipbuilding Industry’s Order Share Plummets amid Strong Showing by China in April

The Korean shipbuilding industry’s order share plunged amid a strong showing by rival China in April.According to Clarkson Research, a U.K.-based shipbuilding

www.businesskorea.co.kr

 

[Viet]

China manufacturing leaves the rest of the world in the dust. Shocking.

 

[Beijingwalker]

China's Surge in Shipbuilding vs US Decline: The game is over!​

May 8, 2024
Shipbuilding plays a crucial role in the economic and strategic framework of many countries around the world, impacting economic development, national security, and global trade. It is a significant economic driver that requires a large number of skilled workers and supports a broad supply chain including steel production, electronics, and engineering.

This industry not only creates direct employment in shipyards but also supports jobs in related industries, contributing to the overall economic health of nations. For example, in the European Union, the shipbuilding sector generates substantial Gross Value Added (GVA) and employs hundreds of thousands of people, indicating its critical role in the region's blue economy.

From a strategic perspective, having a strong shipbuilding industry is essential for national defense, allowing countries to produce military vessels which support their naval capabilities and enhance their defense autonomy.

This is crucial for maintaining a nation’s sovereignty and its ability to respond to geopolitical threats.Moreover, shipbuilding is tightly linked to global trade, as over 90% of world trade by volume is carried by sea.

Countries with advanced shipbuilding industries, like China, South Korea, and Japan, dominate the global shipbuilding market, contributing significantly to their economic standings on the global stage.

This not only helps these countries control a substantial part of the maritime economic sector but also positions them as central players in international trade.Historically, U.S. shipyards were significant for their innovation and scale, particularly during World War II when American shipyards were essential for producing a vast fleet that supported Allied efforts.

The introduction of advanced manufacturing techniques like electric arc welding and prefabrication during this period set U.S. shipyards apart from their international counterparts and enabled rapid production of military vessels.After World War II, the U.S. shipbuilding industry saw a significant downturn.

Once a dominant force in global shipbuilding during the mid-20th century, responsible for a large share of the world’s maritime construction, the industry experienced a sharp decline in production by the end of the century. In contrast, China has seen substantial growth in this sector and has emerged as a global leader. This video explores the shift in shipbuilding power, examining its implications on global geopolitics, power distribution, and the global economy.

 

[Beijingwalker]

US' sanctions against China's shipbuilding sector don't work, as always

China's shipbuilding industry grows in 2023 under US sanctions

New orders were up by 56 per cent, many for advanced ship types

en.portnews.ru

 

[Han Patriot]

US' sanctions against China's shipbuilding sector don't work, as always

China's shipbuilding industry grows in 2023 under US sanctions

New orders were up by 56 per cent, many for advanced ship types

en.portnews.ru

I don't think people understand this, US has no large commerical shipping group. Most are European or Chinese, and China offers the best economies of scale. Korea is full, only China has the spare capacity to build ships now, even the workers in Korean yards come from Shandong and their pay is not cheap, it is roughly 4K to 5K USD$.

 

[Beijingwalker]

China takes step in becoming LNG carrier global leader​

By WANG YING
chinadaily.com.cn | Updated: 2024-05-15 21:16

The world's first fifth-generation 174,000-cubic-meter LNG vessel is named and delivered on Wednesday in Shanghai. [Photo provided to chinadaily.com.cn]

The world's first fifth-generation 174,000-cubic-meter LNG vessel was named and delivered on Wednesday in Shanghai, facilitating China's transformation from an industrial follower into a leader in liquefied natural gas carrier sector, according to the Shanghai-based shipyard.

Delivered five months ahead of its schedule, the ship Greenergy Ocean is independently designed, researched and developed by Hudong-Zhonghua Shipbuilding (Group) Co Ltd, a subsidiary of China State Shipbuilding Corp.

With a length of 299 meters and a width of 46.4 meters, the dual-powered vessel is the nation's largest LNG carrier construction project so far, according to China State Shipbuilding Corp.

As an updated version, the Changheng series ships can reduce more than 10 tons of carbon emission on daily basis, and its boil-off rate is lowered by 15 percent. In addition, the new vessel model can carry 800 cubic meters more liquefied natural gas than the previous generation, according to the shipbuilder.

Since unveiling the fifth generation 174,000-cubic-meter LNG vessel in December 2021, Hudong-Zhonghua has received 34 orders of the new vessel model.

After 27 years of LNG carrier development, Hudong-Zhonghua has not only delivered more than 40 LNG carriers in total, but also mastered the technique of building the world's most advanced LNG carrier.

Earlier in late April, the shipbuilder received orders for building 18 LNG carriers with a capacity of holding up to 271,000 cubic meters of LNG, which is the world's largest single order of ships.

China takes step in becoming LNG carrier global leader

www.chinadaily.com.cn

 

[Beijingwalker]

‘World’s first’ fifth-generation LNG carrier put to sea months earlier than planned​

May 17, 2024, by Melisa Čavčić

A new liquefied natural gas (LNG) carrier has been launched five months ahead of its contract period. This vessel has been developed, designed, and built by Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC).

After the naming and delivery at the Hudong Zhonghua Changxing Island Factory in March came the launch of the Lv Neng Ying LNG carrier on May 15. According to China Shipbuilding Industry Association (CANSI), this is the “world’s first” fifth-generation Changheng Series 174,000 cubic meter large-scale LNG transport ship. The LNG carrier will work for China’s energy giant CNOOC.

Compared with the previous generation ship, the new vessel’s carbon emissions for a single day’s voyage are estimated to be curbed by more than 10 tons. Adopting the WinGD 5X72DF2.1 dual-fuel main engine installed with the intelligent control exhaust gas recirculation ( iCER ) system technology, the vessel is said to be the first ship of the ‘CNOOC mid- and long-term FOB resource supporting LNG carrier project.’

This is divided into two phases, building 12 LNG ships of 174,000 cubic meters in total. If these ships are put into operation, about 7 million tons of LNG will be transported back from all over the world every year, which is estimated to have the potential to meet the needs of 54 million families for nearly a year.

The Lv Neng Ying LNG ship is perceived to be an important piece of China’s plan to ensure the safety of energy transportation, improve the independent controllability of its LNG transportation industry chain, lending a helping hand to the country in building up its manufacturing and maritime power. Hudong-Zhonghua has undertaken a total of 34 Changheng Series LNG carriers so far.

With LNG tanks fitted with GTT’s NO96 Super+ containment system, the evaporation rate is expected to be 15% lower than the previous generation L03+ system, reaching a boil-off rate of 0,085% V/d, which is anticipated to provide a wider range of oil and gas balance speeds for low-carbon navigation intervals.

Given the weight of previous generation vessels, the new LNG carrier of 174,000 cbm is said to have lost more than 1,500 tons of weight, but comes with a higher cargo hold loading rate and can load 800 cubic meters more LNG per voyage.

As outlined by CANSI, the vessel can be equipped with an optional reliquefaction system of 1.5 to 2.3 tons, which can adapt to the various balanced utilization requirements of evaporation gas in different routes, such as short-distance, medium-distance, and long-distance.

CNOOC’s business strategy and development plan for 2024 spotlights its intention to step up oil and gas production, strengthen hydrocarbon reserves, and scale up natural gas exploration activities. The Chinese player also intends to boost its energy transition journey to low-carbon and renewable energy.

A loading operation of an FPSO, which is said to be independently designed and built by China, was recently completed with COSCO SHIPPING Heavy Transport’s semi-submersible heavy lift vessel. This FPSO will be deployed at CNOOC’s oilfield off the coast of China.

‘World’s first’ fifth-generation LNG carrier put to sea months earlier than planned

A new LNG carrier, built by Hudong-Zhonghua Shipbuilding, has been launched five months ahead of its contract period.

www.offshore-energy.biz

 

[Beijingwalker]

Chinese shipyards see 59% growth in newbuilding orders for Q1​

MAY 31, 2024

According to the statistics released by China Association of the National Shipbuilding Industry (CANSI) the country’s shipyard received 24.14 million in newbuilding orders in Q1 2024 up 59% year-on-year.

Meanwhile China’s shipbuilding output was 12.35 million dwt in the first quarter, an increase of 34.7% year-on-year.

As the end of March, Chinese shipyards’ orderbook on hand was 154.04 million dwt, increasing 34.5% year-on-year.

The shipbuilding output, newly received orders and orders on hand accounted for 53.8%, 69.6% and 56.7% of the global shipbuilding market share, respectively.

Shipbuilding volume of the five main shipbuilding provinces and city, Jiangsu province, Shanghai, Liaoning province, Shandong province and Zhejiang province accounted for 90.1% of the total national volume.

During January and March, Shipbuilding export volume, new orders for export and export orders on hand accounted for 90%, 86.9% and 91.9% of national volume, totaling in the value of $9.92 billion.

Chinese shipyards see 59% growth in newbuilding orders for Q1

Chinese shipyards see 59% growth in newbuilding orders for Q1

www.seatrade-maritime.com

 

[Beijingwalker]

Shipbuilding rival South Korea starts to order big ships from Chinese shipyards, not a good sign for Korean shipbuilding sector.

Hyundai Glovis orders six dual-fuel LNG car carriers in China​

Hyundai GLOVIS

South Korea’s Hyundai Glovis has ordered six 10,800 ceu LNG dual-fuel pure car and truck carriers (PCTCs) in China.

Michele Labrut | May 31, 2024

The order is part of group of dual-fuel car carriers to be operated by Hyundai Glovis and built in China.

The new building contract was signed with Guangzhou Shipyard International (GSI), part of China State Shipbuilding Corporation (CSSC), in mid-May 2024.

The vessel type was jointly developed and designed by GSI and Shanghai Ship Design Institute and is said to be “the world’s largest” dual-fuel car carrier.

According to Clarkson Research statistics, in the first half of 2023, Chinese shipbuilding companies took orders for 43 car carriers, accounting for 97.7% of the global market share.

Hyundai Glovis orders six dual-fuel LNG car carriers in China

South Korea’s Hyundai Glovis has ordered six 10,800 ceu LNG dual-fuel pure car and truck carriers (PCTCs) in China.

www.seatrade-maritime.com

 

[Beijingwalker]

China initiates construction of world's largest electric container ships​

• Friday, 31 May 2024
  11:53 AM MYT

BEIJING: To achieve its goal of sustainable maritime transportation, China has initiated the construction of two of the world's largest electric container ships.

These vessels, with a capacity of 740 twenty-foot equivalent units (TEUs), are set to revolutionise coastal container ship operations. They produce zero emissions and operate on pure electric propulsion.

They also represent a significant step forward in the country's commitment to environmental conservation.

Independently designed by the Shanghai Merchant Ship Design and Research Institute (SDARI), a subsidiary of the China State Shipbuilding Corporation (CSSC), the ships were commissioned by Ningbo Ocean Shipping and will be constructed by Jiangxi Jiangxin Shipbuilding Corporation.

Measuring 127.8m length and 21.6m in width, these vessels are tailored for domestic coastal navigation, specifically targeting a route between two ports in Zhejiang province, one in Ningbo, and the other in Jiaxing's Zhapu town.

Once completed, each ship will have the capability of carrying a load exceeding 9,000 tons. With four cargo holds and seven hatches designed without covers, these ships are set to streamline loading and unloading processes, as well as berthing and departure times, thus improving efficiency.

The ships feature advanced technologies, including an electric propulsion cabin at the stern and a wind resistance-reducing superstructure at the bow to minimize vibration and noise. Powered by 10 box batteries totalling around 19,000 kilowatt-hours, the vessels incorporate a multi-level battery management system that ensures safety by isolating batteries from living spaces and cargo areas.

Furthermore, the ships are equipped with lightweight lashing bridges, a fall and collision prevention platform with a photovoltaic system for renewable energy generation, and the ability to maintain effective propulsion even in fault mode.

The vessels can swiftly recharge at ports using high-voltage shore power stations or have their batteries replaced via lifting mechanisms.

The ships will also feature intelligent system integration platforms that enable real-time monitoring of external surroundings, route planning, unmanned driving, and autonomous collision avoidance. A shore-based operation and maintenance centre will facilitate the remote monitoring and control of the equipment on both ships. - The Nation/ANN

China initiates construction of world's largest electric container ships

BEIJING: To achieve its goal of sustainable maritime transportation, China has initiated the construction of two of the world's largest electric container ships.

www.thestar.com.my

 

[Foinikas]

China manufacturing leaves the rest of the world in the dust. Shocking.

Mindblowing! China is superpower and beijingwalker is here to remind us!

 

[Beijingwalker]

Mindblowing! China is superpower and beijingwalker is here to remind us!

You are constantly reminding us how tiny and insignifcant Greece as a country is.

 

[Beijingwalker]

Chinese shipyards dominate surging $40bn Greek orderbook​

China’s shipbuilders pull in twice the number of vessels as South Korea and Japan combined

2 June 2024 14:58 GMT
By Harry Papachristou

in Athens
Chinese yards are dominating their rivals in securing Greek newbuilding business in what has become a $40bn spending spree by Hellenic firms.

According to TradeWinds figures, Chinese builders accounted for 266 of the 401 ships contracted by Greeks in 2023 and the first four months of 2024.

Greek newbuilding activity skyrockets with world-leading $40bn wager on new tonnage
Read more

This is a natural reflection of price, shipbuilding capacity, slot availability and the progress in Chinese shipbuilding technology.

Chinese shipyards dominate surging $40bn Greek orderbook

China’s shipbuilders pull in twice the number of vessels as South Korea and Japan combined

www.tradewindsnews.com

 

[Beijingwalker]

China Takes Orders for 54 Shipes vs. Korea’s 2 in May​

Michael Herh
2024.06.06 11:27

The Korean shipbuilding industry's share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed on a decline in orders for Korean shipbuilders' main ship types including liquefied natural gas (LNG) carriers.

Global ship orders totaled 1.8 million compensated gross tonnage (CGT) in May, down 51 percent from 3.69 million CGT a year earlier, according to data released by Clarkson Research, a UK-based shipbuilding and shipping market research firm.

By country, China topped the standings with 1.54 million CGT (54 ships, 85 percent), followed by Korea with 170,000 CGT (2 ships, 10 percent).

Compared to the previous month, April, China's order share climbed by 9 percentage points (from 76 percent to 85 percent), while Korea's fell by 4 percentage points (from 14 percent to 10 percent). The gap in order shares between the two countries widened considerably from 62 percent in April to 75 percent in May.

Cumulative global orders in the January-May period of this year totaled 12.2 million CGT (726 vessels), up 6 percent from 19.07 million CGT (841 vessels) a year earlier. China accounted for 12.3 million CGT (479 ships and a 61 percent share), significantly outpacing Korea's 5.61 million CGT (121 ships and a 28 percent share).

The global shipbuilding order backlog in May stood at 133.12 million CGT, with China posting 67.84 million CGT (51 percent) and Korea 39.07 million CGT (29 percent). Compared to the same period a year ago, China was up by 10.11 million CGT and Korea by 140,000 CGT.

The slump in Korea's shipbuilding industry was caused by a decline in orders for LNG carriers and large container ships. LNG carriers and large container ships are Korean shipbuilders’ specialties. Large Korean shipbuilders such as HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries have mostly focused on LNG carriers, as their business portfolios are composed of high-value-added vessels whose construction requires state-of-art technology.

In the meantime, the Clarkson Newbuilding Price Index, an indicator of ship prices, stood at 186.42 at the end of May, up 10 percent from 170.01 in the same period of 2023. Ship prices by type were US$264 million for LNG carriers, US$130 million for very large crude carriers (VLCCs) and US$267.5 million for 22,000- to 24,000-TEU very large container ships.

출처 : Businesskorea(https://www.businesskorea.co.kr)

China Takes Orders for 54 Shipes vs. Korea’s 2 in May

The Korean shipbuilding industry's share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed on a decline in orders for Kor

www.businesskorea.co.kr