Chinese shipbuilding industry


Tam

Brigadier
Registered Member
I also hear that SOVCOMFLOT is selling its LNG tanker fleet, given the sanctions and that no Western company is going to insure it. The buyers are Dubai and China. Russia will probably try to deliver its gas mostly by pipeline.

The surge of LNG carrier orders is going to keep the Changxing extension of Hudong Zhonghua busy for a while, makes me wonder how they are going to build a large warship there. Given the imperiled state of large real estate developers in China and Shanghai, this is making me think that the final sale of Hudong Zhonghua's Hudong river facility isn't going to come through, or is going to be delayed by years, allowing the facility to keep building 054As, 075s and even 054Bs.

Please, Log in or Register to view URLs content!

This below can lead to yet another crisis in shipping.

Please, Log in or Register to view URLs content!
 

gelgoog

Colonel
Registered Member
I also hear that SOVCOMFLOT is selling its LNG tanker fleet, given the sanctions and that no Western company is going to insure it. The buyers are Dubai and China. Russia will probably try to deliver its gas mostly by pipeline.
This is highly doubtful. The icebreaking LNG tankers of SOVCOMFLOT cannot be used for anything else other than carrying gas from Yamal, really, and even if you change their owner, the US will still sanction the tankers to prevent the trade of that natural gas. The non-icebreaking LNG tankers, they might change the registration of those, and even the owner to a shell company, but the benefits would be highly dubious. I doubt the Russians will get rid of transportation capacity when the West is currently embargoing transport of goods to or from Russia as is. Relinquishing those ships to third parties like Dubai or China would further decrease Russia's ability to export the LNG they do produce. If the LNG trade routes get longer the Russians will also need more ships not less. The Russians need all the transport ships they can get. The article claims the issue is Western insurance companies cannot insure those ships. So what. The Russian financial segment will raise to the occasion and insure these ships. And failing that the Russian government will insure them. The idea you will stop trade to willing parties with mere administrative barriers is ludicrous I think.

What happened with aviation is a good example of this. The West pulled the same tricks, stopping sale or parts, insurance, registration, etc. The Russian government just nationalized the aircraft, put them on their own registry, and insurance will be taken care of internally as well.
 
Last edited:

pipaster

Junior Member
Registered Member
This is highly doubtful. The icebreaking LNG tankers of SOVCOMFLOT cannot be used for anything else other than carrying gas from Yamal, really, and even if you change their owner, the US will still sanction the tankers to prevent the trade of that natural gas. The non-icebreaking LNG tankers, they might change the registration of those, and even the owner to a shell company, but the benefits would be highly dubious. I doubt the Russians will get rid of transportation capacity when the West is currently embargoing transport of goods to or from Russia as is. Relinquishing those ships to third parties like Dubai or China would further decrease Russia's ability to export the LNG they do produce. If the LNG trade routes get longer the Russians will also need more ships not less. The Russians need all the transport ships they can get. The article claims the issue is Western insurance companies cannot insure those ships. So what. The Russian financial segment will raise to the occasion and insure these ships. And failing that the Russian government will insure them. The idea you will stop trade to willing parties with mere administrative barriers is ludicrous I think.

What happened with aviation is a good example of this. The West pulled the same tricks, stopping sale or parts, insurance, registration, etc. The Russian government just nationalized the aircraft, put them on their own registry, and insurance will be taken care of internally as well.
The issue is if the second party will recognize the insurance provided by Russian insurance companies. The risk is secondary sanctions from the US etc. to that second party.

Also the liability of accepting rubbles in the current environment becomes an extra cost WRT convertibility, and exchange risk.
 

gelgoog

Colonel
Registered Member
The issue is if the second party will recognize the insurance provided by Russian insurance companies. The risk is secondary sanctions from the US etc. to that second party.

Also the liability of accepting rubbles in the current environment becomes an extra cost WRT convertibility, and exchange risk.
Russia is trying to switch to trade in national currencies as a general practice. I think they should have done this sooner but that is what you get. With regards to not having dollars, or having currency to pay, I think that is more of a problem for countries trying to pay Russia than the other way around. Just think about it. Russia can just pay in oil or diesel if it comes to it. Even if you don't need it yourself, which you probably do, you can easily store and resell it.
 

luosifen

Junior Member
Registered Member
Please, Log in or Register to view URLs content!

A China-made very large ethane carrier (VLEC) with a capacity of 99,000 cubic meters was delivered in Shanghai on Monday, its manufacturer said.

The VLEC was manufactured by Jiangnan Shipyard under the China State Shipbuilding Co., Ltd. It is part of the Panda series of Jiangnan, featuring a length of 230 meters, a width of 36.6 meters, and a draft of 22.5 meters.

Shanghai-based Jiangnan Shipyard started resuming operations in late April, promoting workers returning and ensuring the timely delivery of its ship products amid COVID-19.

The VLEC was the first ship delivered by the Changxing shipbuilding base amid the recent resurgence of COVID-19 in Shanghai. It signified a significant achievement of the city's efforts to advance the resumption of work and production on the premise of effective epidemic containment, said Li Zheng, Party chief of Shanghai's Chongming District.
 

Strangelove

Captain
Registered Member
Please, Log in or Register to view URLs content!

Shipbuilders to witness fast growth on soaring demand​

By ZHONG NAN | China Daily | Updated: 2022-05-17 09:35

6282fbf0a310fd2bec896a96.jpeg
An aerial view of a shipbuilding yard in Taicang, Jiangsu province, in March. [JI HAIXIN/FOR CHINA DAILY]

Global push in reducing CO2 brings more orders for even greener vessels

China's shipbuilding industry will enter a high-growth period this year, driven by the soaring demand of foreign shipowners, and their moves to adopt new vessels with green and high-efficiency engines to meet international demand for lower carbon emissions, said industry officials and shipbuilders.

The country's shipbuilders saw holding orders soar 26.3 percent on a yearly basis to 99.1 million dead weight tons in the first quarter of this year, accounting for 47.3 percent of the world's total, data from Beijing-based China Association of the National Shipbuilding Industry (CANSI) showed.

He Minghui, assistant president of Jingjiang, Jiangsu province-based Yangzijiang Shipbuilding Group, said the company's holding orders have reached the highest level in nearly two decades, with about 90 percent of orders placed by foreign clients, mainly from Japan, Singapore and a number of European countries.

The company, supported by more than 6,000 employees, currently holds more than 140 orders or about 11 million DWTs. These vessels, mainly container and bulk ships, will be delivered to their domestic and overseas buyers between 2022 and 2024.

Yang Qiang, deputy head of Jingjiang Customs, a branch of Nanjing Customs, said shipbuilders in Jingjiang had delivered 18 vessels, including oil tankers and container ships between January and March of 2022, surging 12.5 percent from the same period last year.

In March alone, manufacturers in Guangdong province, another manufacturing base for China's shipbuilding industry, exported 69 vessels to countries including the United States, Germany and Spain, jumping 102.9 percent on a yearly basis, while their value grew by 77.3 percent on a yearly basis to 1.28 billion yuan ($190 million), according to Guangzhou Customs.

Tan Naifen, deputy secretary-general of CANSI, said the growing shipping demand and rising freight rates have significantly bolstered both revenue and profit growth of global shipping and energy companies, such as France's CMA CGM SA, Denmark's Maersk Line and QatarEnergy, formerly known as Qatar Petroleum, over the past two years.

"Many of them have accelerated the pace of phasing out their aged ships with high fuel emissions and buying new advanced vessels to meet specifications required by the United Nation's international maritime organization to cut carbon emission in the global shipping business," she said. "Therefore, shipping companies must replace aging ships. Dual-fuel engines, and engines powered by liquefied natural gas and liquefied petroleum gas, have become popular choices for global shipowners."

With a dual-fuel engine, the ship can use liquefied natural gas and regular fuel to convert chemical energy into mechanical energy.

Moreover, Chinese companies, including Shanghai-based CSSC's Hudong-Zhonghua Shipbuilding (Group) Co Ltd and Jiangnan Shipyard (Group) Co Ltd, gained 17 orders for building LNG tankers, each able to hold 174,000 cubic meters of LNG, for global customers, mainly from Qatar and the United Arab Emirates, by the end of April this year, according to CANSI data.

Chen Yajun, head of the sales department at New Times Shipbuilding Co Ltd, another Jingjiang, Jiangsu province-based shipbuilder and exporter, said the company's production plan for dual-fuel engine-powered ships till 2026 has been scheduled, including building a 210,000 DWT bulk carrier, 8,000 and 11,000 TEU (twenty-foot equivalent unit) ships.

CANSI data showed that China's new shipbuilding orders for green and high-efficiency engine-powered ships have surged from 24.4 percent in 2021 to 31.7 percent in the first quarter of this year, thanks to the explosive growth of the international shipping market in the past two years and the industry's efforts to further cut greenhouse gas emission.

However, Mao Jian, deputy head of the material supply department at New Times Shipbuilding, said the company is facing pressure in obtaining supplies of marine paint, as many related manufacturers in Zhejiang and Jiangsu provinces are having difficulties in resuming production at full capacity.

Sections for nearly 20 ships still need to be painted, and the issue of getting sufficient marine paint and other industrial parts has delayed production in recent months, he said, pointing out that this will affect the company's schedules for launching new ships and their delivery to foreign customers.

The price of a truck of marine paint has soared from around 3,500 yuan in 2020 to between 15,000 yuan and 18,000 yuan this month, and it is difficult to find enough truck drivers to transport them to the shipyards, due to COVID-19.
 

Strangelove

Captain
Registered Member
Please, Log in or Register to view URLs content!

World's first intelligent unmanned ship launched in South China

By Global Times Published: May 18, 2022 09:44 PM

Photo: Screenshot from webiste news.southcn.com

Photo: Screenshot from webiste news.southcn.com

The world's first ship with an intelligent unmanned system was launched in Guangzhou, South China’s Guangdong Province on Wednesday.

The ship, which was developed by the Southern Marine Science and Engineering Guangdong Laboratory in Zhuhai, Guangdong, is the world's first scientific research ship capable of remote control and autonomous navigation in open waters. It will provide an unprecedented tool for China to carry out marine scientific research and promote the development of the marine economy, according to China Central Television.

The equipment on the ship is highly localized, and the core elements such as power system, propulsion system, and operation support system have all been independently developed by Chinese scientists.

The ship has a length of 88.5 meters, a width of 14.0 meters, a depth of 6.1 meters, a designed displacement of about 2,000 tons, a maximum speed of 18 knots, and an economic speed of 13 knots.

With a spacious deck, the ship can carry a dozen different observation instruments. Construction of the ship began on July 20, 2021 and it is expected to be put into use by the end of this year.

In the future, the application of the ship will be of great significance for changing the traditional ocean observation mode, obtaining real-time three-dimensional ocean observation data, improving the efficiency and level of ocean observation, and also contributing to the training of high-end marine scientific and technological talent and further enhancing the capability of ocean scientific and technological innovation.
 

Top