China's State-owned shipbuilders are expected to enter a high-growth period this year, driven by global markets' soaring demand for high-end and environmentally friendly vessels as well as the recovery of China's marine economy, according to experts and business leaders. China remained the world's leading shipbuilder in the first seven months, with its market share ranking tops globally in output and in new and pending orders. The country's shipbuilding output hit 20.85 million deadweight tons in the January-July period, accounting for 44.4 percent of the world's total, according to Beijing-based China Association of the National Shipbuilding Industry (CANSI). Deadweight is often

The construction contract for six LNG carriers, each with capacity for 174,000 cubic meters of liquefied natural gas, was inked between China State Shipbuilding Corp and Nippon Yusen Kabushiki Kaisha on Thursday. The contract has a combined value of more than 8 billion yuan, the largest single LNG order the Chinese shipbuilder has ever received. The vessels will be constructed by CSSC"s Hudong-Zhonghua Shipbuilding (Group) Co Ltd. The Shanghai-based shipyard has recorded contracts for 17 LNG tankers in the first four months of 2022, the most so far this year among global shipbuilders. Adopting Hudong-Zhonghua Shipbuilding's independent research, development and

Four LNG tankers, each able to hold 174,000 cubic meters of liquefied natural gas, will be constructed by China State Shipbuilding Corp"s Hudong-Zhonghua Shipbuilding (Group) Co Ltd, CSSC and Qatar Energy jointly announced on Tuesday. The LNG tankers are among the first batch of some 100 LNG tankers ordered by Qatar Energy. The shipbuilding contracts clinched by CSSC are credited to Hudong-Zhonghua Shipbuilding's advanced design concept, excellent shipbuilding capability and complete service system in competing with global peers, and this is also regarded as recognition of China's shipbuilding manufacturing prowess, experts said. The vessels, each measuring 299 meters in length