China showcased its shipbuilding power during the huge biennial Marintec China exhibition last week.
For example, newly merged state-owned China State Shipbuilding Co (CSSC) held a closed-door contract signing ceremony for various shipbuilding projects at Mandarin Oriental Pudong Hotel. The estimated total value of the contracts was around CNY 30bn ($4.27bn).
Newbuilding contracts that were sealed included newcastlemax bulk carriers booked by ICBC Leasing, LPG carriers ordered by Petredec, dual-fuelled suezmax tankers by Eastern Pacific Shipping, a leasing deal by Golar LNG for a converted FSRU and many...
