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China Beat South Korea Won Billions Of Shipbuilding Orders Korean Media: Cut The Pain
Dec 29, 2017

August 20 (Xinhua) CMA-CGM recently signed a letter of intent to build with two Chinese shipbuilders, including nine vessels of 22,000 TEU 1 TEU equals one 20-foot-long container), each with a cost of up to US $ 160 million (about RMB1 billion) and a total order book of nine vessels of about 9.6 billion RMB.


In response, South Korea's Central Daily News on the 21st issue of the article said that South Korea's long-awaited shipbuilding industry, large container ship orders fell into the hands of China. Saying the economy of shipbuilding and shipping industry was finally recovering. Faced with a rare order of construction of very large vessels, it was taken away by China and the South Korean shipbuilding industry generally felt the pain of "cutting the skin." Zinc Alloy Passivation CNC Turning Product Manufacturer


These vessels are reportedly required to be high value added vessels of the dual-fuel system with both bunker fuel oil C and environmentally friendly LNG drive systems. Five of these dual-fuel system vessels will be built by Hudong-Zhonghua Shipbuilding Co., a unit of China's state-owned China State Shipbuilding Corporation (CSSC), and four will be built by Shanghai Waigaoqiao Shipbuilding Co., a company owned by China National Shipbuilding Corporation.


This order war around the history of the largest container ship orders, so much attention. Prior to this, the world's largest container ship order was a container ship of 214,141 TEU built by Samsung Heavy Industries in May 2017.


South Korea's Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding Marine companies such as South Korea's three major shipbuilding companies to participate in the collective competition for this order, the South Korean industry also once predicted Hyundai Heavy Industry Company is expected to win orders.Zinc Alloy Brush CNC Turning Product Manufacturer


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