January 5, 2005

China on track for shipbuilding leadership by 2015

China State Shipbuilding Corporation (CSSC) is on course to become the world's leading shipbuilder by 2015.

CSSC, China's largest shipbuilder, completed 3.57 million tons of ships in 2004, to give an overall year-on-year growth of 64.5 percent. Exports showed a yearly growth of 73.8 percent.

CSSC booked 4.6 million tons of orders in 2004, 88.5 percent from foreign owners, to bring its total order backlog to 13 million tons.

"We have worked out a 10-year development plan and in 2015, we will not only grow up into the world's No 1 shipbuilder in terms of total production volume, but also in terms of ship-making science and technology," said CSSC general manager Chen Xiaojin in Shanghai yesterday. He was speaking at a naming ceremony at CSSC affiliate, Shanghai Waigaoqiao Shipbuilding Co(SWS).

To meet its goal of becoming the world's No. 1 by 2015, CSSC is constructing two major new shipbuilding bases, one in Shanghai's Changxing Island and the other in Longxue pn South China's Guangdong Province.

CSSC has also stepped up its investment investment in developing and optimizing new ship types and claims significant achievement in developing high added-value LNG (liquefied natural gas,), VLCC (very large crude carrier) of 300,000 tons, and very large container vessels and FPSO (float production storage and offloading.)

"We are bidding for building an FPSO of 300,000 tons for a U.S owner. If successful, that will be a milestone for us," said Tan Zuojun, vice- general-manager of CSSC and chairman of SWS, according to a China Daily.

The 75,000 ton vessel delivered yesterday was also for a U.S. owner, the Chao family's Foremost Maritime Corporation.

MORE NEWS STORIES



Tell a friend: