Multiple high-end vessels delivered in quick succession as China’s shipyards enter ‘supercycle’

China’s shipbuilding industry is riding a wave of major deliveries, with five advanced vessels handed over in just three weeks. Industry analysts said that the sector, bolstered by coordinated policy support, decades of technological accumulation and surging domestic and overseas demand, has entered a “supercycle,” leading the world in the three key metrics of ship completions, new orders and order backlogs.

Analysts said that amid the sector’s rapid expansion, new cooperation opportunities will emerge with the world’s leading shipbuilding players. International collaboration is expected to shift from mere technology imports to joint research and development (R&D) of advanced vessels and global coordination in areas such as smart shipping rules and standards.

On Monday, the China Association of the National Shipbuilding Industry said on its WeChat account that Hudong-Zhonghua Shipbuilding Co’s 174,000-cubic-meter liquefied natural gas (LNG) carrier, Dalian Shipbuilding’s 307,000-ton very large crude carrier (VLCC), and China State Shipbuilding Corp (CSSC) Qingdao Beihai Shipbuilding’s 210,000-ton LNG dual-fuel bulk carrier were delivered recently, with multiple key technical indicators exceeding expectations and notable energy-saving and carbon-reduction benefits.

Also, China’s first ultra-large trailing suction hopper dredger equipped with a distributed in-hold pump system, Xin Hai Jing 1, was officially delivered, marking a new breakthrough in the intelligent technologies used in dredging equipment.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →