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CSSC (Hong Kong) signs over RMB10 bln contracts with several companies

January 29, 2019


Abstract : China State Shipping Corporation Limited (CSSC) (Hong Kong) Shipping Company Limited, a subsidiary of CSSC said that it has signed new contracts with several companies about ship manufacturing worth over 10 billion yuan...

BEIJING, Jan. 29 (Xinhua) -- China State Shipping Corporation Limited (CSSC) (Hong Kong) Shipping Company Limited, a subsidiary of CSSC said that it has signed new contracts with several companies about ship manufacturing worth over 10 billion yuan (about 1.483 billion U.S. dollars), according to CSSC.

The contracts include manufacturing of 36 new ships including 174,000-cubic-meter liquefied natural gas (LNG) ships, 13,000-tonne multi-purpose heavy lift ships, 300,000-tonne VLCC feeder container ships, 95,000-tonne ice-enhanced bulk carriers as well as intelligent marine fishers and aquaculture ships.

It is noted that most of the ships to be built are high-end ship types that lead the development of the international ship market, and some ships will be used for the Belt and Road (B&R) construction after being completed and delivered.

The construction of the ships will be undertaken by the subsidiaries of CSSC, such as Jiangnan Shipyard (Group) Co Ltd, Hudong-Zhonghua Shipbuilding (Group) Co Ltd, and Shanghai Waigaoqiao Shipbuilding Co Ltd. (Edited by Jiang Feifan)

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Keyword: shipbuilding China-manufacturing

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